Despite the loss in the value of many digital currencies and particularly Bitcoin in the past year, data from Statista indicates that the number of cryptocurrency wallet owners has increased 32% and reached 31 million by the end of 2018. Widely used in many industries including automotive, travel and informatics, cryptocurrency has also become widespread in the real estate sector.
Leading companies in the world such as Microsoft, Virgin Atlantic and Shopify now allow users to make payments in cryptocurrencies for their products and services. The real estate sector has also experienced an increase in the use of digital currencies and it is now possible to buy houses with cryptocurrency in Turkey, a home for many foreign investors.
With a total market value of 140 billion dollars, cryptocurrency is actively used in travel, food, information technologies, automotive as well as real estate sectors. As one of the most attractive European countries for housing investment where 40 thousand properties has been sold to foreigners in 2018, Turkey uses not only Bitcoin (BTC) but also Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Tether (USDT) and Stellar (XLM) for house sale transactions. Antalya Homes, the leading international real estate agency, which has helped thousands of foreigners obtain a home in Turkey to date, adopted an innovative approach selling nine houses in 2018 using Bitcoin (BTC).
“Purchasing property with cryptocurrency offers more advantages”
The leading real estate agency in Turkey, Antalya Homes is one of the organizations in the sector that accepts cryptocurrencies. Stating that they have completed sales of 9 real estates in 2018 using Bitcoin (BTC), Bayram Tekce, Chairman of Antalya Homes said, “Payment with cryptocurrency enables a more reliable and faster transaction performance such as money transfer between bank accounts without any exchange loss. It is very profitable to purchase real estate for those who want to utilize their cryptocurrency investments in the real estate sector. 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. We created a special section named “Pay with Bitcoin on Antalya Homes website for all questions related to purchasing houses with cryptocurrency. For those who intend to purchase a home with cryptocurrency, Antalya Homes offers the opportunity to own a house in Turkey starting from 30 thousand Euros (9 BTC).”