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Investor Warren Buffett starts business in Mallorca & the luxury market

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Posted by Sandra on 8.07.2022

Breaking News for Mallorca

Warren Edward Buffett is a major US investor, entrepreneur and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world. As of January 2022, his wealth was $113 billion (according to Wikipedia).

Berkshire Hathaway HomeServices Spain (BHHS), a Spanish subsidiary of Warren Buffett’s real estate company, continues to expand in Spain with the goal of becoming a leader in the luxury residential real estate market.

In October 2019, Warren Buffet magnate and Berkshire Hathaway HomeServices, his network of estate agencies, began operating in Spain thanks to their alliance with Larvia, one of the country’s main real estate agencies. Both companies have started operating under the name Berkshire Hathaway HomeServices Larvia.

Although the goal is to increase the number of offices and turnover, the immediate strategy would be not only to double the size in the country’s two main cities, but also to grow in the cities where there is stable demand. And that includes Mallorca. It is expected to open 40 offices in the next ten years.Berkshire Hathaway HomeServices will focus on the sale of luxury flats & villas from 700,000 euros.

“The residential and luxury real estate market in Spain is experiencing strong demand,” says Bruno Rabassa, Partner and CEO of Berkshire Hathaway HomeServices Spain. “More than ever, people want to enjoy their time efficiently and live the life they want. Spain has a lot to offer locals, foreigners and remote workers alike.”

Many thanks for the article to NVG International!

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