Warren Buffet interested in Spanish luxury market

Warren Buffet interested in Spanish luxury market

 

After having entered London and Berlin, through a franchising agreement, the company has been in talks to enter in Madrid and Paris, among other cities.

Last year, Berkshire closed a deal with London luxury real estate agency Kay & Co., which includes a second franchising agreement in Europe. As is explained by Gino Blefari, who operates the brand through HSF Affiliatesby franchising, «we have a series of markets which are ready. We want to enter all the big metropolitan markets», quotes Cinco Días.

The news comes at a time when the demand for luxury houses is on the rise in Madrid, increasing the competition amongst mediators, such as Sotheby’s International Realty, Knight Frank, Colliers, Engel & Völkers or John Taylor, Lucas Fox, Coldwell Banker and Savills Aguirre Newman, among others.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!