1 minute read
Property pursuit
Betty Henderson
AMERICAN business magnate Warren Buffet has set his sights on Spain’s booming property market.
Berkshire Hathaway Home Services, Buffett’s luxury property firm, recently expanded its presence in Spain with a second office in Malaga. The company announced plans to continue growing by targeting the Canary Islands, Balearic Islands, and the Mediterranean coast on Friday, June 9.
CEO Christy Budnick sees immense potential in Spain’s luxury housing sector. She is pleased with the company’s progress, focusing on exclusive areas in Barcelona, Madrid, and Mar
Anna Ellis
SPAIN’S unemployment fell by 49,260 people in May to 2,739,110.
The decline extends to all economic sectors, to all autonomous communities and to both men and women. The rate of monthly percentage decline in youth unemployment is double the overall rate.
The number of people registered in the State Public Employment Service Offices (SEPE) at the end of May fell bella. Despite rising interest rates affecting the property market, Budnick believes luxury property prices will continue to rise, especially in exclusive locations. The Covid19 pandemic has shifted housing preferences, with buyers seeking comfortable homes with outdoor spaces for family and friends.
Berkshire Hathaway Home Services acquired Catalan firm GTS last year and is considering acquiring companies in Ibiza, the Costa Brava, and the Valencia region to strengthen its Spanish presence as well as its ventures in Mallorca.
The luxury property business has a presence in 14 different countries across the globe.
