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Buffett's Berkshire, Chinese property portal Juwai.com team up

  • Author:CNBC
  • Source:CNBC
  • Release on:2017-04-18

“Except the American people,Chinese have become the most popular property buyers in the US”

Berkshire Hathaway HomeServices on Monday said it entered a marketing agreement with Juwai.com, China's largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States.

The real estate affiliate of billionaire investor Warren Buffett's Berkshire Hathaway said the agreement will allow the roughly 2 million monthly users of Juwai.com and Juwai.com/luxe to browse its franchisees' residential listings.

Gino Blefari, Berkshire Hathaway HomeServices' chief executive, in a statement said the Chinese are the leading buyers of U.S. property apart from Americans, and the agreement with Juwai.com will make it "much easier" for them to shop.

Anyway, the cooperation between Berkshire Hathaway and Juwai can benefit both companies. As the prosperous trend of real state spread around the world,many developer and constructor now are finding new materials to replace AAC and concrete,like magnesium oxide wall panels,which can make those building more durable and fast to be installed.