Can we buy a property by bitcoin ?

Can bitcoin we use to buy real estate?

I can say that the real estate sector has been on the rise lately. Even though the pandemic has a bad effect on the price of housing, its effect on sales figures is fine. Turkey Statistical Institute (TSI), his research results in home sales in 2020, an increase of 11.2 percent in 2020 compared to the previous year was 1 million 499 thousand 316. We can say that this increase is winking at new construction projects.

We see that foreign investors focus on real estate investment again as the pandemic process decreases. One of the reasons for this is the huge increase in housing prices. But what can we say the biggest problem for foreign investors?

We can handle this in two subjects. First of all, we can see that the volatility in the exchange rate puts investors in a very difficult situation. However, with the increase in housing prices in these fluctuating times, investors may smile a little. In addition, the possibility of rising house prices to decrease does not appear in the near future.

Second, the money transfer problem of investors due to bureaucratic reasons. We can see that, many foreign investors have difficulty trying to get their money abroad.

As a solution, I can say that investors have recently transferred money through crypto money. With the reassurance of cryptocurrencies in recent years, it has greatly facilitated international money circulation. Especially Turkey is the first five to be in the cryptocurrencies’ market. Crypto shows the confidence in the Turkey’s market. Also big companies started to invest bitcoin. Day by day people get more trust cryptocurrencies.

In the future, we can say that investors will trade comfortably without getting caught in the bureaucracy. Also, we will be able to see increasingly widespread cryptocurrencies in many points of our lives. Selling real estate with cryptocurrencies aswell.