Introduction
Our payment methods have evolved immensely in just the last decade. From predominantly cash economies to QR-code led ecosystems, we’ve come a long way. And as crypto trading increasingly gains mass popularity, the idea of buying real estate with crypto has made its way to many investors’ minds. In this post, we provide a detailed analysis of the countries that are already ahead of the curve, allowing real estate transactions through crypto.
But First – Why Should You Buy Real Estate With Crypto Anyway?
There are a few clear advantages to buying real estate through crypto trading:
- First, a big advantage of using crypto to buy real estate is that it can help to avoid traditional financial institutions. It can be especially beneficial for buyers looking to purchase property in countries with unstable or unreliable banking systems or simply too much bureaucracy. By using crypto, buyers can avoid the hassle and expense of using wire transfers or dealing with currency exchange rates.
- Another benefit of buying real estate with crypto is that it can be more efficient. Traditional methods of buying real estate can involve a lot of paperwork and be time-consuming. Using crypto can help to streamline the process and make it more efficient.
- Finally, crypto trading can also help to protect privacy. While purchasing real estate with crypto, the transaction is recorded on the blockchain, a public ledger. However, the identity of the parties involved is not revealed, which can help to protect privacy.
Many crypto experts worldwide reaffirm the potential of using crypto to buy real estate in the near future.
Top Countries To Buy Real Estate With Crypto
Here are some top countries to buy real estate with crypto:
- Thailand: When finding the perfect place to purchase real estate with crypto, Thailand is hard to beat. This Southeast Asian country offers several advantages that make it an ideal destination for crypto investors. For starters, Thailand is home to many well-established crypto exchanges, meaning it’s easy to buy and sell digital assets in the country. Additionally, the Thai government has been welcoming crypto and blockchain technology, allowing buyers to pay for real estate using crypto. This supportive attitude is likely to continue, making Thailand an attractive destination for those looking to invest in the industry. What’s more, Thailand boasts a low cost of living, beautiful weather, and stunning beaches – making it the perfect place to enjoy your new property. Be sure to add Thailand to your list of potential destinations for buying a real estate property with crypto!
- United Arab Emirates: Being home to some of the most luxurious real estate in the world, including the world’s tallest building, the Burj Khalifa, the United Arab Emirates is a top business destination as well as a crypto hub. But it’s not just for the ultra-wealthy, with plenty of more affordable options also. Crypto is becoming an increasingly popular way to buy property due to the anonymity and ease of transactions.
- Turkey: Turkey is a great option if you’re looking to buy a property with crypto. The country’s favorable regulations and low prices make it a great place to invest. Due to high inflation, the Turkish lira has been devalued, losing 50% of its value. Millions of Turkish citizens also own digital currencies, showing their popularity in the country. Turkey has become a hot spot for investors looking to buy a property with crypto.
- Portugal: Portugal has been a top destination for real estate buyers for many years. Even before the pandemic, Lisbon was one of the fastest-growing cities in Europe, with a thriving economy and a relaxed Mediterranean lifestyle. Now with their government allowing real estate transactions in crypto, the country is set to be a top destination for crypto deals in real estate.
- Montenegro: Montenegro is a small country located in the Balkans with a population of few people. Despite its small size, Montenegro has a lot to offer investors looking to purchase real estate with crypto. It is highly liberal financially and has been relentlessly trying to be a global crypto center. Due to its flexible rules and its reputation as a top tourism destination, Montenegro is becoming attractive for crypto real estate investors.
- Georgia: If you’re considering using crypto to buy real estate, Georgia should definitely be on your list. With a hoard of benefits like no currency transaction limits and zero capital gains on crypto investments, Georgia has recently emerged as a major crypto-friendly country. But only some particular real estate agencies can help buy property in Georgia using crypto.
- Canada: Canada is also emerging as a crypto-popular country, with more than two million of their citizens holding crypto assets. It has, in turn, led to a rise in real estate companies accepting crypto for property transactions. Registered and authorized real estate companies and help people buy property in Canada through crypto legally.
Conclusion
With changing times, the world is bound to diversify payment avenues. Paying through crypto trading in real estate deals is gaining popularity and will continue to do so. Encouraging regulations by many countries to facilitate such transactions in crypto would only help the real estate industry grow, uplifting economies. We hope you got a clear perspective of the top countries where you can buy properties with crypto!