The past year has witnessed a remarkable 25% surge in interest in purchasing real estate with cryptocurrencies. Among the countries embracing this novel approach, the United Kingdom has secured a noteworthy position, ranking as the 8th country with a substantial number of properties available for crypto transactions.
Cutting-edge research conducted by Forex Suggest has delved into the world of global property listings open for purchase through cryptocurrencies. The study not only identifies the countries at the forefront of this trend but also unveils average property prices associated with these transactions.
A Closer Look at Crypto Property Pioneers
Unveiling the leaders in the crypto property race, the list is headed by Spain with an impressive 289 properties available for purchase using cryptocurrencies. Spain’s vibrant cities such as Alicante, Marbella, and Barcelona are embracing this new mode of transaction, offering villas and apartments to eager crypto buyers.
Thailand secures the second spot with 227 crypto properties up for grabs. The paradisiacal islands of Phuket and Koh Samui stand out as hotspots for those looking to dive into the crypto real estate market.
Portugal follows suit, taking the third position with 130 crypto-friendly properties. The country’s allure extends from its capital, Lisbon, to the enchanting city of Porto, where history and modernity converge in the real estate market.
Insights from the Crypto Real Estate Frontier
The United Kingdom, while claiming the 8th position in total crypto properties, has also marked its presence as having the 7th most expensive crypto properties. The average price for these premium properties stands at ₿62.23 (approximately $1,410,200), reflecting the burgeoning interest of high-end investors in the crypto real estate domain.
Zooming in on the global spectrum, Canada emerges as the leader in terms of property prices, with an average listed price of ₿248.30 (around $5,715,102). The United States follows closely with an average of ₿112.07 (approximately $2,540,100).
On the opposite end of the spectrum, the Philippines offers the most affordable crypto properties, with an average listed price of ₿15.46 (approximately $350,500). Mexico also boasts favorable rates, with an average of ₿23.54 (around $541,400) for crypto properties.
Embracing the Future of Real Estate
As cryptocurrencies continue to make waves across various sectors, the real estate market is not one to be left behind. The surge in interest for crypto-based property transactions underscores the evolving preferences of investors seeking innovative avenues to diversify their portfolios. With countries like the United Kingdom actively participating in this trend, the landscape of real estate is poised for a digital transformation that could reshape the industry for years to come.
To delve deeper into this groundbreaking research and explore the full insights, visit the comprehensive study here: Forex Suggest Crypto Real Estate Study.
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.