The Bitcoin real estate market continues to grow exponentially with more and more extravagant real estate, which makes it news. There are stories of luxury mansions and apartments for sale in Bitcoin, but now there is a small house in Grimsby.
Grimsby on the northeast coast of England is hardly a place of ostentation and glamor, and it is not a place where one would expect much from a Bitcoin boom. However, now there is the possibility of owning real estate in the English city for only 18 BTC.
Better than sterling
Sean Atkinson, a 49-year-old independent artist, has decided to put his semi-detached house on the Bitcoin market after seeing other more luxurious properties for sale in the digital currency.
He said: "Why not a townhouse in Grimsby?" adding that he would be repainting the humble abode with the hope of increasing his attraction among buyers.
Atkinson, who advertised his home on his website, believes that Bitcoin is a better bet than having his money immobilized in British pounds.
##An inconvenience of cash
Atkinson, clearly a believer in digital currencies, admitted that he would have to charge a little more cash to appease the lawyers.
"For me, it seems a much better long-term investment, Unfortunately, I can not make the full sale in Bitcoin, due to the process that I have to go through with my lawyer, which means that a cash payment of £ 100 is also required" .
He added: "It has been a family home and a shared house lived by several artists, we are currently making it magnolia and white for new owners, even if you get in touch quickly if you want to leave part of the wall and ceiling art."
Decentralize the housing market
Due to the amount of bureaucracy, paperwork and boredom in the sale of a house, many buyers and sellers of real estate are really seeing the advantages in Bitcoin.
Bitcoin allows owners to pay without transaction fees or who need to use banks, and with anonymity.