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 get a deeper insight into this fact. Read on to the end…
Bitcoin is a popular cryptocurrency, and also a worldwide payment system. These days, almost anything can be bought with cryptocurrencies such as 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 a lot of cities in the world in which you are allowed to buy real estate. However, here you can read about 5 of these cities…
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. In this market, Bitcoin deals are so popular. With this new kind of money, more properties open up for buyers and investors across the world.
Lake Tahoe, California
Lake Tahoe is a city for Bitcoin lovers. You can easily buy real estate in Lake Tahoe. This city has had even a 1.4 acre property bought with Bitcoin. The price of this property was around $1.6 million. It is interesting that this deal was the biggest transaction that was done by Bitcoin in the year 2013.
These kinds of sales reflect the potential of digital currency and what it can do in the industry. This idea paves the way for future deals in the real estate market.
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 a highly favorable city 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.