I’m summarising the article that you can read on The Olive Press:
“Spain is leading the global cryptocurrency property market with nearly 300 homes available for purchase using $BTC or $ETH . Forex Suggest's recent research reveals Spain's dominance, followed by Thailand and Portugal.
These properties average around €2 million in Bitcoin price, making Spain the sixth-most expensive country for #cryptocurrency real estate transactions.
Many of these properties are concentrated in Spain's popular tourist destinations like Marbella, Alicante, and Barcelona.
However, while cryptocurrency transactions offer advantages such as fee avoidance, their newness and volatility present challenges. Bitcoin's fluctuating prices can impact transaction values.
Despite these hurdles, the appeal of near-instantaneous payments is clear, particularly when compatible mortgage providers are available. Spain's strong presence underscores the increasing acceptance of cryptocurrencies in real estate.”
These incredible news about Spain + Portugal’s lenient crypto regulation that’s already been talked about in the sub make me bullish on the Iberian peninsula.
What do you guys think about crypto merging with the housing market? Or merely using #crypto as a P2P payment method?
Share your thoughts in the comment, and follow for more.
