Warren Buffett's luxury real estate teams up with Larvia to enter Spanish market

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Warren Buffett wants his share of the pie in Spanish real estate

Berkshire Hathaway HomeServices, owned by the business magnate, has announced its expansion in Spain through an agreement with Larvia, one of the leading Spanish real estate consultancies. The company will operate under the Berkshire Hathaway HomeServices Larvia brand starting next September.

Larvia is part of Petrus Grupo Inmobiliario, which has been promoting, rehabilitating, marketing and managing properties in Spain since 1964. Led by Bruno Rabassa, Larvia is a firm with extensive experience in customer service and integrity and focuses its operations in the sector deluxe.

"Spain has always been a priority objective in our global expansion," says Gino Blefari, one of Buffett's strongmen in Spain. Larvia is the fifth member to join Berkshire Hathaway HomeServices in the last 16 months, following Rubina Real Estate in Berlin, Kay & Co in London, Maggi Properties in Milan and Gulf Properties in Dubai. Berkshire Hathaway HomeServices is one of the fastest growing real estate agencies in the world, with almost 50,000 agents and more than 1,400 offices. The company has generated more than 114,500 million dollars in sales during 2018.

Larvia will have access to the 'Forever Cloud' technology tool from Berkshire Hathaway HomeServices, a source of referrals, marketing support, social media, video production and distribution and much more.

The company also provides what is known as 'Global Listing Syndication', publishing in media such as Wall Street Journal, Financial Times and many others like Juwai in China, all the properties available to its customers.

The entrance for the real estate market is the second bet made by the business conglomerate of Warren Buffett for Spain in 2019, since in February, the insurance company of the American tycoon, Berkshire Hathaway International Insurance, won the bid to sign the liability policy of doctors and professionals of the public health of Cantabria.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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