A year ago he landed in Spain Berkshire Hathaway HomeServices, real estate division of magnate Warren Buffett, from the hand of the consultant Larvia, specialized in July housing. It has just bought a Marbella consultancy to grow on the Costa del Sol, but it is also studying increasing its presence in the Balearic Islands, the Canary Islands and the Mediterranean coast.
Last July, Buffett’s real estate agency bought the Marbella consultancy Value Added Property, which has a decade of experience and a dozen workers. It has now been renamed Berkshire Hathaway HomeServices Marbella.
According Luis Rabassa, CEO of Berkshire Hathaway HomeServices Larvia, The group wants to grow in our country through the purchase of leading real estate agencies in their areas of influence, with which they do not seek to grow by volume, but with meaningful operations that add value and a strategic positioning in the real estate sector.
“The Costa Blanca, Mallorca, the Costa Brava or the Levante. Those are the priority areas,” says the Catalan businessman, who comments that they are areas where there is a lot of property turnover and, after the coronavirus crisis, “even more “.
Rabassa affirms that the clients of Berkshire Hathaway HomeServices are Spaniards who are looking for ‘high standing’ homes in the capitals and the coast, but also foreigners who want to settle in Spain permanently or for vacations and investors and Socimis who seek profitability in the sector real estate.
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