Buffett’s real estate company bets on luxury homes on the Costa Brava
Berkshire Hathaway Homeservices Spain, the real estate division of tycoon Warren Buffett, which landed in Spain three years ago at the hands of consultancy Larvia, is owned by The company has strengthened its presence in the country with the integration of GTS Barcelona Specialized in real estate, luxury homes. The incorporation of GTS, a company founded in 2011, would allow Berkshire Increase your real estate portfolio by 20% and agents in Barcelona, a location he considers strategic in his roadmap and which he plans to continue to develop in the years to come.
GTS mainly sells high-end accommodation in the Catalan capital and on the Costa Brava and has a team of four professionals who are now joining the Berkshire team. Luis Rabasa, CEO of Berkshire Hathaway Home Services Barcelona, speaking to Efe, assured that The group’s desire is to integrate companies As GTS, with whom they share a strategy, philosophy and values such as honesty, trust and sustainability.
Bruno Rabasa, Partner and CEO, Berkshire Hathaway Home Services Spain, assures that The residential and luxury real estate market in Spain “is experiencing strong demand” And that the city of Barcelona stands out “for its great potential” and because it is “a safe bet that stands out for its architecture, its monuments, its climate and its gastronomy”.
GTS Barcelona Real Estate co-founder Pere Barcans is confident this integration will benefit clients and workers alike, as agents have access to the Berkshire Hathaway home services network. New management and customer support tools in all regions like marketing or social media.
In the summer of 2019, Berkshire Hathaway Homeservices announced that it was partnering with Laravia, a Spanish consultancy owned by the Rabasa family, to expand its property marketing network in Spain. The group of American billionaire investor Warren Buffett, based in Irvine (California), is currently Offices in Madrid, Barcelona, Marbella, Malaga and MallorcaAnd this year, the Spanish market is expected to grow by 30%.
In fact, he started a ten-year expansion plan with focus on the mediterranean, Balearic and Canary Islands, with the aim of becoming one of the leaders in the luxury residential market in this country. Globally, Berkshire has a network of more than 50,000 professionals and approximately 1,500 offices in twelve countries, including Canada, Mexico, the Middle East, India and the Bahamas.