Antalya Homes, a Turkish real estate agency has sold nine properties to date using bitcoin core. The houses cost at least €30,000 each (~$33,900) disclosed the organization. Adding that it also accepts bitcoin cash, ethereum, stellar, ripple, litecoin, and tether. Antalya Homes Sells 9 Houses Using BTC.

 

Antalya Homes chairman Bayram Tekce said cryptocurrency purchases of real estate come with multiple advantages:

“Payment with cryptocurrency enables a more reliable and faster transaction performance such as money transfer between bank accounts without any exchange loss.”

 

Turkey has been experiencing a boom in both cryptocurrency use and in its property division, driven by solid interest from foreign nationals. In 2018, investors from abroad purchased 40,000 properties in Turkey. That is an expansion in excess of 80 percent from the previous year. Foreign purchasers look for homes in Istanbul, the Antalya region and other coastal and scenic areas.

 

Tekce, whose organization began accepting cryptocurrencies a year ago, said Antalya Homes made a “Pay with Bitcoin” button on its website to help individuals who want to purchase property in this manner. The organization chairman did not elucidate how payment in BTC was made.

 

“It is very profitable to purchase real estate for those who want to utilize their cryptocurrency investments. By making investments particularly in countries like Turkey, where housing is becoming increasingly valuable, investors can shift their investment to a less risky and safer area, and multiply their savings.”

-Bayram Tekce

 

Bitcoin’s acknowledgment as a payment method has continuously increased throughout the years. The cryptocurrency is as of now utilized in numerous sectors including automotive, travel and informatics. It has now entered the Turkish real estate market, despite the fact that agents in different nations were at that point already utilizing crypto to sell properties.

 

Southeby’s International Realty sold one of its first single-family homes in Austin, Texas utilizing BTC in 2017. The Austin home was sold in September of that year when Bitcoin costs were $3,429.

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