Warren buffett look for luxury homes in Balearic Islands, Canary Islands and the Costa del Sol. One of the richest men in the world and the most legendary investor on Wall Street has set his sights on the 'Florida of Europe' through Berkshire Hathaway HomeServices, one of the subsidiaries of its gigantic conglomerate Berkshire Hathaway.
This subsidiary, specialized in luxury homes, has acquired the consulting firm Larvia, which it has renamed as Berkshire Hathaway HomeServices Larvia, to take the first steps in this market, as confirmed to 'Euroweeklynews' Luis Rabassa, CEO of Larvia. "The company seeks allies around the world and we are its ambassadors in the country", has explained.
In addition, the signature of the Magnate has bought Value Added Property and renamed it Berkshire Hathaway HomeServices Marbella, to position itself in one of the most exclusive markets on the Spanish coast.
Although Buffett's interest does not stop there, as he seeks to expand his presence to Balearic Islands and the Canary Islands, two other markets that concentrate a great demand by foreign investors with high purchasing power.
Despite the current uncertainty due to the coronavirus pandemic, Buffett's company considers that the Spanish real estate market is at an interesting moment. Precisely, the one known as 'oracle of Omaha' He has always been characterized by his optimism in times of crisis, which has made him one of the richest men in the world.
"Despite the serious economic consequences of the pandemic, also in the real estate sector, its impact has been less than could be initially feared and, although in the first moments there had been a slight drop in the volume of transactions carried out, now they are closed again with some regularity, "says the director of the Deutsche Hypothekenbank branch in Madrid, Maite linares.
For their part, the experts from Solvia, a leading real estate services firm, given the current market situation and the new interests in housing demand, have contributed five reasons to buy a second home This summer can be a great opportunity, both in the short and long term.