8 October 2019 – Berkshire Hathaway HomeServices, Warren Buffet’s real estate agency network, began operating in Spain last week through an alliance with Larvia. To begin with, the two firms will focus on the luxury market.
The two firms are forecasting revenues of approximately 5 million euros in the joint venture’s first year of operation. Berkshire Hathaway HomeServices Larvia also plans on increasing that figure to €65 million over the next five years.
Original Story: El Español / E.E. / Agencias
Adaptation/Translation: Richard D. K. Turner
82% of the transactions during 2018 were made by Spanish buyers, while foreigners accounted for 18%. Clients from Great Britain, France and Belgium topped the list of international buyers on the Spanish real estate market.
Century 21 Spain is on the rise. The real estate brokerage ended the year 2018 with a turnover of around twenty million euros. The company’s sales reached 19.8 million euros, an increase of 26% over the previous year (15.7 million euros).
In 2019, the real estate brokerage plans to increase its turnover by 34%, reaching 25 million euros.
During 2018, the Century 21 network made a total of 7,389 real estate transactions, with an average sales price of 178,876 euros. This represents an increase of 36% in the number of transactions compared to 2017.
82% of transactions completed through Century 21 during 2018 were by Spanish buyers while 18% were by international clients. The countries that invested the most in the Spanish real estate market were Great Britain, France and Belgium.
Original Story: EjePrime
Translation: Richard Turner