Whether it be in a bull or bear in 2019, there are some markets where cryptocurrencies are thriving; and in both the US and Australia that is very much the Real Estate Market, showing no respect for the downturn in Bitcoin’s value over the past months.
Properties are still being sold for cryptocurrency in 2019, a trend which has continued since late 2017 when the price of cryptocurrencies went sky high as Bitcoin almost reached the 20k mark.
Whether it be a Colorado beach home or a USD 2.3 million luxury estate with 14 acres in California, or in the same state a 70 BTC property with private beach club and restaurant membership, real estate agents are still happy to recommend to sellers that Bitcoin is OK.
Other blocks and parcels of land still available for crypto around the US include a 3 bedroom Key West estate on Saddlebunch key or if it is space a prospective buyer needs, how about a 300 acres block of land in Bouse, Arizona, currently on sale for fiat or digital assets.
In the US, the trend for sellers to accept crypto rather than not sell at all is still too much to resist, although current low values in cryptocurrency prices and uncertainty surrounding the future of the market after the 2018 slump may have encouraged some buyers to part with their crypto holdings for bricks and mortar, this hasn’t deterred those accepting crypto for property.
Australia is another property market currently attracting Bitcoin buyers. A regional housing report in Queensland recently cited Ray White Real Estate, one of the country’s largest agents, currently selling a luxurious three-bathroom home in Surfers Paradise for AUD 580,000 (USD 420,000) Also a Darwin apartment in the north of the continent is selling for either 126 BTC or AUD 600,00 (UDS 430,000) with the listing exclaiming: “We are happy to accept Bitcoin or any other major cryptocurrency instead of Australian dollars for this property.”
Another far less modest property advertised on an Australian website is a mid-century hillside estate, available for a cool AUD 3.3 million. “The seller may consider offers including consideration paid in bitcoin or other forms of cryptocurrency,” the ad informs.
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