All over the world, the real estate industry is taking note of how profitable it is to sell real estate with Bitcoin. For example, leading Turkish real estate agency Antalya Homes reports that it sold nine properties using Bitcoin as payment in 2018.
Buying Real Estate with Bitcoin Allows Buyers to Avoid Transaction Friction Losses
Accepting cryptocurrencies reflects Antalya Homes’ mission of embracing global trends by offering buyers “more flexibility for ease of purchase.” In the press release of March 5, 2019, Bayram Tekce, Chairman of Antalya Homes stated:
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.
Antalya Homes accepts Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum (ETH) as payment for property sales.
Tekce also indicated that — given that the…