Investing in real estate is a consistently reliable path for anyone looking to diversify their international portfolio. Its relative stability complements the inherent volatility in the crypto world, and it can provide a path for economic citizenship in many different countries. You can also save on many taxes by investing in certain countries.
Cryptocurrency & Real Estate
International real estate is also becoming more friendly toward cryptocurrency as a growing number of real estate investors now use it to buy property around the world.
Chinese investors are increasingly using Bitcoin to purchase houses in Silicon Valley, and British Baroness Michelle Mone created the Aston Crypto Plaza in Dubai, a group of luxury apartments that can be bought with cryptocurrency.
This embrace of cryptocurrency in the world of real estate is growing for one simple reason: it just makes sense.
Cryptocurrencies have a number of features that make them attractive for both buyers and sellers in the real estate market. Cryptocurrencies’ direct, peer-to-peer transactions cut out middlemen like banks, and any exchanges are accurately recorded in the blockchain. Ethereum, which is built on smart contracts, even offers the possibility of creating open-source, self-enforced mortgage contracts in the future.
However, while crypto’s real estate potential is slowly being realized, your options when buying property in Bitcoin are still somewhat limited since what you can buy with crypto depends on who will accept it.
Aside from a handful of developments like Aston, the majority of real estate crypto transactions are between two private parties, so finding interesting properties in the country of your choice might take a lot of digging.
Plus, you may still need to convert to fiat to pay certain fees.
Fortunately, an increasing number of agencies are cropping up to help investors looking to buy a property with cryptocurrency. I’ve worked with many clients to help them facilitate purchasing property with Bitcoin, and crypto-oriented real estate agencies like the Crypto Realty Group aim to facilitate crypto transactions in the realm of luxury real estate.
If you already have plenty of property, you can also use your digital wallet to pay for renovations. I’ve personally been able to pay for renovations on my homes in crypto-friendly countries, and an increasing number of private contractors are beginning to accept it as payment.
Cryptocurrency is becoming the future of international real estate as agencies and private sellers alike make it easier and easier for buyers to pay in Bitcoin.
Should you have Bitcoin in your portfolio?
This depends on you and your situation, I think that having some of your portfolio is smart because I think it does have a future, it just needs to be figured out and in between then and now is a lot of ups and downs.
If you want to read more, read our Bitcoin & Cryptocurrency blog in more detail.
If you are interested in investing in a pension, investments or having your portfolio reviewed please contact us via email or the chat function below!
Articles You May Like To Read
