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Monday, May 22, 2017

As Bitcoin’s Value Rises Real Estate for BTC Sales Follows the Trend

As Bitcoin’s Value Rises Real Estate for BTC Sales Follows the Trend

Just recently a person selling a brand new home in Vancouver announced that he was selling the US$3.5 million dollar house for 2099 bitcoins. The Hong Kong Craigslist post offers a nice Coquitlam home in British Columbia, Canada with all the fixings. The post asks for “serious inquiries only” and states the the house for sale is located in “one of the hottest markets on the planet.”

The ad made headlines across various news outlets speculating this was a sign of how Chinese citizens are bypassing cash outflows by purchasing real estate. The publications Zero Hedge and the Huffington Post propose this may be how Chinese investors are moving significant amounts of funds out of the mainland.

Another way a person can sell or buy a home for bitcoin is through the platform Bitcoin Real Estate. The platform is very similar to applications like Zillow and has quite a bit of real estate listings with prices denominated in BTC. Listing a home requires a simple registration process and buyers looking for a home can easily access the search settings that includes filters. Bitcoin Real Estate offers a variety of properties with a broad array of price ranges as some listings are just land and others can be million dollar homes.

For instance, for around 755 BTC ($1.3M) an individual can purchase a luxury villa in Thailand at the Sanctum in Chiang Mai. The property comes with Smart Home capabilities, an Italian stone kitchen, a saltwater pool, four car garage, and even a nuclear fallout shelter. If you don’t have deep pockets, you can also purchase land that doesn’t have a house on the property for 17.5 – 35 BTC. There are many cheaper properties that can be found on Bitcoin Real Estate from places like Costa Rica, Mexico, Scotland, India and more. The Bitcoin Real Estate platform has 23 pages of listings for sales and rentals all around the world. 

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