Berkshire Hathaway HomeServices, one of the fastest growing real estate franchise chains in the world, have announced the expansion to Portugal through an agreement with Portugal Property. As from Friday 4 October the agency will operate as Berkshire Hathaway HomeServices Portugal Property.
Founded in 2008 by its CEO Michael Vincent, Portugal Property is the largest real estate broker in the country in terms of sales volume and number of offices. Portugal Property has been the winner of the European Property Awards for Best Real Estate Agency in Portugal and Best Real Estate Agency Website in Portugal for the past eight years.
“Portugal is a key country in our global expansion strategy,” said Gino Blefari, Chairman of the Board of Berkshire Hathaway HomeServices. “The Portuguese economy has been assertively responding to the unfavourable global scenario and the country’s real estate market is constantly growing. We are delighted to go hand in hand with Portugal’s best real estate, Portugal Property, which has ambitious plans to make its offer available to local and global clients."
Portugal Property has seven offices in Lisbon, Porto and the Algarve. The company and its 43 agents accounted for nearly €90.5 million in 2018. The Berkshire Hathaway HomeServices network generated about €113.5 billion in sales last year.
“We are very proud to make Berkshire Hathaway HomeServices available in Portugal,” explained Vincent. “The brand is one of the most respected, trusted and admired companies in the world. In addition, it has a solid portfolio of brokerages in the Americas, Europe and Dubai, and we anticipate a successful exchange of customer references with these companies.”
Vincent explains that the Berkshire Hathaway HomeServices brand will be essential in attracting international customers and Portuguese consumers looking for top levels of expertise and guidance. “Portugal Property is already firmly established in Portugal and we have now added a world renowned brand with abundant resources. We are very excited about the future, and the future starts today. ”
Vincent plans to double the number of brokerages in the next five years. “We believe that Berkshire Hathaway HomeServices will help us gain access to new markets and more of the world’s most influential real estate investors who are increasingly attracted to Portugal. ” He says that “all these arguments come together to ensure our success. We are very excited about the prospect of taking our business to new levels. ”
Chris Stuart, CEO of Berkshire Hathaway HomeServices, underlines the added value of adding Portugal Property. “Michael Vincent gives our network two decades of experience in the Portuguese real estate market and a robust team of agents and employees,” he explains. “We are delighted to welcome the group and excited about the opportunity to help the business grow at one of the best European agencies.”