Turkish actual property agency Antalya Properties introduced that its prospects can now pay for properties listed on its platform with Bitcoin (BTC).
In accordance with a June 15 announcement, Antalya Properties claims to have recorded the highest-valued actual property sale ever made whereas utilizing Bitcoin as a cost in Turkey.
Per the corporate, the coronavirus pandemic pressured the true property business to innovate. Extra exactly, Antalya Properties reacted by providing digital residence excursions and including help for Bitcoin on its web site. The agency’s chairman Bayram Tekce defined:
“Within the sale of a villa in Antalya, we recorded visuals of the home with a drone and did an internet viewing tour with the shopper. Then, we introduced the customer and the vendor collectively on an internet assembly and finalized the negotiations. Antalya Properties brokered the funds with Bitcoin. This sale, price [$1.25 million], was the best valued property sale ever made by Bitcoin in Turkey.”
Antalya Properties’ web site contains a devoted “Pay with Bitcoin” part, which notes that the corporate additionally facilitates funds with XRP, Bitcoin Money (BCH), Litecoin (LTC), Bitcoin Gold (BTG), Tether (USDT), Stellar (XLM) and Ether (ETH).
Cryptocurrency use in the true property market
The charges imposed on huge transactions by conventional monetary companies make such funds an excellent use case for cryptocurrencies. For example, actual property investor Ben Shoaul bought a apartment in Manhattan’s Higher East Facet for $15.3 million, but in Bitcoin.
In October 2019, a 150-year-old English church was additionally offered for sale for $1.5 million worth of Bitcoin.