Skip to main content

Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat

Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin — Taxes Must Be Paid in Fiat

A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin.

Anyone Interested Can Pay 3.5 BTC for the Property

Per an official announcement, Idealista is seeking to sell its first property via BTC in the wake of a “second revolution” seen in the crypto industry.

The apartment is located in the center of Barcelona — close to the Rambla Catalonia — and the interested person should make all the arrangements online, said the Madrid-based company.

Although the first transaction made in bitcoin in Spain on real estate happened in 2018, the firm clarified it was done at that time “the traditional way.”

In fact, they referred to handling all the processes with papers and diligences offered by a standard real state agency.

Anyone interested in the apartment can pay approximately 3.5 BTC ($181,000 using today’s exchange rate) as of press time.

However, the company pointed out that the payment of taxes, notary, and registration, for the moment, must be made in fiat euros, “since everything slows down when it is the turn of the administrations.”

Crypto and Its Relationship With the Real Estate Industry

Idealista was acquired by EQT, a global investment group, for $1.6 billion. They’re also planning to arrange partnerships with around 40,000 real estate agents. Moreover, most of their customers come from Southern Europe.

According to the agency, the firms supporting the technology behind this listing are Inviertis and Kasaz.

The relationship between the crypto and real estate industries is nothing new at all globally. In 2019, Turkish real estate agency Antalya Homes sold nine properties using bitcoin core, mostly to foreign buyers. They also accepted bitcoin cash, Ethereum (ETH), stellar (XLM), ripple (XRP), litecoin (LTC), and tether as means of payment.

In the same year, a major Australian real estate group held a luxury home auction that could be paid for with bitcoin and binance coin (BNB). There have been many properties both bought and sold for bitcoin (BTC) throughout a myriad of countries worldwide over the years.

What do you think about this possibility of buying a property with bitcoin nowadays? Let us know in the comments section below.



from Bitcoin News https://ift.tt/2O00cSA
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more