Spain Ranks at the Top Among Countries for Crypto Real Estate Deals

Spain Ranks at the Top Among Countries for Crypto Real Estate Deals

Spain ranks at the top of the list among countries for real estate deals involving crypto payments. A recent study indicates that Spain is one of the hottest destinations for acquiring real estate using crypto payments. The Forex Suggest report has mentioned that Spain is among the countries with the most properties available for crypto, followed by Thailand, Portugal, and the UAE.

Spain is the Hottest Destination for Real Estate Crypto Investors

In a recent study by Forex Suggest across several countries, data reveals that most properties on sale for crypto indicate Spain as the hottest destination for crypto investors. The study aggregated in specialized crypto real estate portals has found 289 properties available for purchase with crypto in Spain.

The Forex report contains a list of properties offered, mostly located in the cities of Alicante and Marbella, and more urban properties in the city of Barcelona.

The total number of properties available pushes Spain to the top of the list among all other nations. Second to Spain is Thailand with 227 available properties, and in third place is Portugal, which is known as a popular crypto haven with 130 properties.

The report also reveals Canada as the most expensive country in the world for buying properties with crypto payments, averaging almost 250 bitcoin per property, while properties in the Philippines are the cheapest at an average price of 15 bitcoin. El Salvador, which has adopted bitcoin as legal tender, has property price tags of around 40 bitcoin.

Real Estate and Crypto

The report considers the benefits and problems of transferring crypto property for owners and buyers. Among the most important benefits is avoiding the associated transfer costs of paying with fiat currency, especially for properties located overseas.

Among the problems described in the report is the low availability of mortgage lenders willing to accept cryptocurrency as a deposit and the current stringent regulatory framework in countries like the United Kingdom, with additional paperwork.

The acceptance of crypto for real estate payments has been growing steadily, with several real estate platforms showing interest in listing property prices in crypto since last year. One of the first reported real estate sales happened in Venezuela in August 2021, when an apartment was sold using Tether (USDT). Similar real estate deals were reported in Chile and Colombia using bitcoin last year.

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