5 Cities Where You Can Buy House With Bitcoin
Did you know there are some cities in the world where you can buy house with bitcoin? In this article, you will find out about them. Read on to the end…
Bitcoin is a popular cryptocurrency, and also a worldwide payment system. These days, you can buy almost anything with Bitcoin. However, some might wonder is it possible to buy a house with Bitcoin…
Yes, but you can’t actually purchase property in just any city of the world. So far, there are only 5 cities in the world where you can purchase real estate in with Bitcoins. However, it is so likely that other cities join these 5 cities in the near future. These are the 5 cities in which you can buy house with Bitcoin…
It is interesting to note that Bitcoin has been part of the Miami, Florida, real estate market for several years now. In spite of the fact that the cryptocurrency was officially launched in 2009, the new crypto immediately caught the attention of real estate agents, buyers, and investors. So when a Miami man made it big on the news when he sold his home in Coral Gables for more than $6 million that is about 1,600 BTC… real estate deals with Bitcoin officially started.
As realtors say, South Florida is the perfect market for Bitcoin. They look at the coin as a primary factor that’s increased interest and attention to the region. With this new kind of money, more properties open up for buyers and investors across the world.
Lake Tahoe, California
Lake Tahoe, California, is among the cities where you can buy real estate with Bitcoin. When an anonymous buyer bought a 1.4-acre property with Bitcoin on a 42-site resort, the undeveloped property was sold for $1.6 million being equal to 2,739 BTC. This single purchase turned into the biggest Bitcoin-driven real estate transaction in 2013. And the Bitcoin purchase was originally the main idea of the buyer, according to reports.
More interestingly, this was the only development including Bitcoin in the Lake Tahoe real estate market. These kinds of sales reflect the potential of digital currency and what it can do in the industry. This idea basically opens the doors for future deals in both residential and commercial properties.
Among cities where you can buy real estate using Bitcoin, Dubai is probably the most favorite city offering. The city offers apartments, villas and townhouses for sale that can be easily bought with Bitcoin.
Dubai is now one of the best cities to buy a house with Bitcoin. This Middle Eastern paradise offers amazing laws to buy a house along with a large number of benefits!
So, if you are looking to turn your Bitcoins into a beautiful property, Dubai is the best destination for sure!
New York, New York
New York, the city that never sleeps, is one of the 5 cities where you can have a house with Bitcoins. New York is a city that offers a wide range of properties. So, NYC is the city where you can find your ideal property, and own it with cryptocurrency.
As New York City isn’t afraid to take risks at all, being famous as an entrepreneurial-minded place, there are already apartments and houses being available to buy for Bitcoin.
Bali in Indonesia is also another city letting you buy real estate for Bitcoin. This island in Indonesia isn’t the first place you expected a Bitcoin-backed real estate transaction—it is in fact one of the first places to support to well-known cryptocurrency.
As for those who have spend Bitcoins for property, an anonymous buyer spent more than 800 BTC for a villa in Bali. Price of that property was around $500,000 during the time of the purchase. Despite the fact that residential real estate agents and buyers are satisfied with using Bitcoin in this Asian island, there haven’t been any properties in the commercial or industrial markets yet.