Spain is currently the country in the world with the most real estate properties available to pay for them with bitcoin (BTC) and cryptocurrencies, with almost 300 around the Iberian nation.
According to the data from the analysis firm Forex Suggest, which were taken from the website Crypto Real Estate, Spain leads the ranking of nations with the most properties ready to be purchased with virtual currencies. So far, Some 289 properties are available.
In addition to Spain, there are other Spanish-speaking countries also featured in the Forex Suggest ranking. Mexico, in North America, is ranked number 7 on the list, with some 89 properties that can be purchased with cryptocurrencies.
El Salvador, the first country in the world to make bitcoin legal tender, is also on the list. The Central American nation ranks tenth in the list, with 39 properties ready to be bought with cryptocurrencies.
Lastly, Panama, which is in 18th place and has a total of 7 real estate properties that can be acquired with digital assets.
Other countries around the world also feature prominently on the list. To name a few, they include Thailand (with 227 properties), Portugal (with 130), the United States (80), the United Kingdom (66), Japan (37), Canada (18) and the Netherlands (14).
The nation at the bottom of the list is Italy, where it is currently there are 6 houses that can be bought with BTC or other cryptocurrencies.
The countries with the most expensive real estate
Forex Suggest has identified in its report the countries where to buy real estate with cryptocurrencies is highly costly. Canada, in North America, tops this list. In that nation, a house can cost 250 bitcoins.or about USD 5 million at the current exchange rate.
The United States also stands out on this list. There, it takes an average of 112 BTC (USD 2.5 million) to buy a home. It is followed by the United Arab Emirates, where 96 BTC (USD 2.1 million) are required. to buy a property.
Spain, which has the most housing available, does not escape from this list. In the Iberian country, it takes an average of 75 bitcoins, or about USD 1.7 million, for buying a home.
The same is true in Panama, where 53 bitcoins or USD 1.2 million are needed to afford real estate.
The cheapest
Forex Suggest also listed the countries where it is cheapest to buy a home with cryptocurrencies. The Philippines, in Asia, tops this list. A little more than 15 BTC (USD 350,000) is required. to acquire a property.
This is followed by Mexico, where it is possible to buy a flat, villa or house with 23 bitcoins or USD 540,000. Then there is the Netherlands, where 26 BTC (USD 600,000) is needed.
Last but not least is El Salvador. There, the following are required 39 BTC (USD 900 thousand) to purchase a property.
Buying homes with cryptocurrencies is a long-standing practice
While it is true that there are countries where there are now more properties available for purchase with cryptocurrencies, the truth is that This type of negotiation has been going on for some time now..
In fact, in Spain, since 2019, there has been a service for buying and selling property with bitcoin by means of which offer legal assistance for real estate purchase negotiations using crypto-assets.
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