New York, Dubai, Miami, Lake Tahoe and Bali are the top developed cities with high levels of economy, security and anonymity, they choose potential replacement for paper- and coin-based money in the near future as they accept bitcoin as means of exchange for property.
Real estate, are capitalizing on this emerging trend by letting clients buy property via Bitcoin. It’s a significant departure from tradition, but it’s one that is quickly gaining momentum which assures us lovers of crypto money that we own the future.
#New York - New York
Real estate agents believe Bitcoin is the way of the future. The team with Magnum Real Estate is assuming a huge risk by accepting Bitcoin for deposits and purchases for recently converted apartments in Manhattan’s East Village. Known as Liberty Toye, the property represents a huge shift in the way we conduct business this century and that made a global record.
New York City provides the ideal launching ground for Real estate investment trusts have been looking to diversify their portfolios this year, Known as an entrepreneurial-minded city that isn’t afraid to take risks, we already see homes and apartments available for Bitcoin. It’s only a matter of time until commercial buildings follow suit and in 2018 it will be a greater boom in New York City.
#Dubai - UAE
A developer located on the Isle of Man recently announced plans for a joint residential-commercial development valued at $325 mln. United States isn’t the only country to capitalize on the growing Bitcoin, Prospective residents will be able to use Bitcoin to purchase their property, with studio apartments starting at 33 BTC and one-bedroom apartments from 54 BTC — or approximately $250,000. as its happening live in Dubai now!
Commercial units are not currently available for purchase via the popular cryptocurrency but some of the development’s units have already been sold for modern currency, but the remaining residential properties are reserved for Bitcoin purchases.
#Miami - Florida
A man in Miami made news by selling his home in Coral Gables for over $6 mln — or approximately 1,600 BTC instantly.
Bitcoin has been a part of the Miami real estate market for several years. The steep selling price is enough to rattle the headlines, Although it was only launched in 2009, tech-savvy real estate agents, investors and buyers quickly embraced the new cryptocurrency, which we beleive steemian will buy with steem someday soon.
They cite the worldwide reach of Bitcoin as a primary factor in driving increased interest and attention to the region. Realtors in the area are confident that South Florida — particularly Miami — is an ideal market for Bitcoin. Using an alternate form of currency opens up properties to buyers and investors from all over the world, including Asia, Canada, South America and many more soon.
#Lake Tahoe - California
An unnamed buyer recently purchased a 1.4-acre property with Bitcoin on a 42-site resort. The undeveloped property sold for $1.6 mln, or 2,739 BTC, making it the largest Bitcoin-driven real estate transaction at the time it happened in 2013. The popular vacation destination of Lake Tahoe accepts Bitcoin too as means of exchange.
Bitcoin purchase was originally the buyer’s idea. While we haven’t seen any further developments involving Bitcoin in the Lake Tahoe real estate market, the sale shows off the potential of digital currency in the industry and opens the way for future deals in both the residential and commercial sectors, real estate and bitcoin is the bigest thing in Miami at the moment..
#Bali - Indonesia
Great and unnamed buyer spent more than 800 Bitcoins, totaling approximately $500,000 at the time, for a villa in Bali.
The island of Indonesia isn’t the first place you’d expect to see a Bitcoin-backed real estate transaction, but it was actually among the first locations to support the cryptocurrency/bitcoin.
Residential real estate agents and buyers are comfortable with using Bitcoin to purchase real estate in Bali, we have yet to see any listings in the commercial or industrial markets today.
Despite the uncertainty of the Bitcoin market, Bitcoin and the future of real estate, tech-savvy investors and agents are at least for the time being willing to take a risk on the cryptocurrency to make real estate strong again.
