Warren Buffett bets on Spanish real estate

Warren Buffett bets on Spanish real estate

Berkshire Hathaway HomeServices Larvia is the result of the partnership between subsidiary Berkshire Hathaway HomeServices and Spanish company Larvia and the new company will be dedicated to buying and selling dwellings of this type starting this month, as mentioned by Spanish newspaper Expansión this Monday.

The agreement between the company was, according to Berkshire Hathaway HomeServices’s CEO Gino Blefari, an important step to «enter this market through a solid and respected agency. Larvia will connect us to the region, since Spain is the goal of many European and Latin-american clients».

Besides repositioning the Larvia brand and adjusting the processes of its real estate agencies in Madrid and Barcelona, there are also plans to grow. «We have an ambitious growth plan in other locations where we see potential, such as the Costa del Sol and the Islands», mentions Bruno Rabassa, Larvia’s CEO, in an interview to the same newspaper.

Berkshire Hathaway HomeServices’ CEO Claudio Prattico goes even further: «our goal is to become uncontested market leaders, not just in local sales, but also internationally».

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!