Buying Real Estate with Cryptocurrency in Turkey?
It is easy to buy a property with cryptocurrency in Turkey. As of 2021, Cryptocurrency trading is 100% legal in Turkey, and the Turkish government has introduced regulations specific to buying and selling digital assets like Bitcoin.
How cryptocurrency will change real estate?
Easier international & overseas transactions. Liquidity in real estate investing. Reducing the cost of real estate transactions. Avoiding tax on transferring property rights.
Can you buy real estate with cryptocurrency?
Yes, you can certainly buy real estate with cryptocurrency! Coupled with smart contracts, cryptocurrency-based real estate transactions are proven to be secure, efficient, and fast.
You can purchase properties with real estate-backed cryptocurrency by:
1. Initiating the transaction directly with the seller. Some property owners have fully embraced the world of cryptocurrency and are comfortable with 100% crypto transactions. Meanwhile, others may want to split between crypto and cash.
2. Using a third-party vendor. In some cases, the seller might require converting the buyer’s cryptocurrency into dollars to complete the purchase. This process is completed by third-party vendors that exchange the buyer’s crypto for real currency to be deposited into the seller’s bank account. The vendor invoices the buyer, who will then pay using their crypto wallet (in other words, their crypto real estate fund).
Can You Buy Property with Bitcoin? Or other exchangeable cryptocurrencies?
Yes, you can. Bitcoin & other exchangeable cryptocurrencies. It is an important opportunity for crypto-asset holders to evaluate their earnings not only in online shopping but also in the real world.
Using cryptocurrency in real estate sales also facilitates the purchasing process and reduces the time required to close a transaction. It makes buying and selling a home easy when you are even hundreds of miles away from your buyer or seller.
Accepted Cryptocurrencies for Property Sales?
All cryptocurrencies that can be exchanged on platforms are accepted. People usually pay 60% Bitcoin, 20% XRP, and 10% Ethereum. These currencies have the most volume for real estate payments, best is to check with the company to see what are the preferred cryptocurrencies.
Is it safe to buy a property with Bitcoin?
Yes. We sign a "Buying Real Estate with Bitcoins Agreement". You transfer your Bitcoins or preferred Crypto with this contract. We make all cryptocurrency transactions transparently. You get feedback every step of the process.
Can I buy all kinds of properties for sale using cryptocurrencies?
Yes. You can buy all kinds of properties (residential, commercial, and lands) with Bitcoin, Ethereum, and other digital currencies.
What other cryptocurrencies can be used in real estate purchases?
Bitcoin, Ripple, Litecoin, Tether, Stellar, Polkadot, Matic & Ethereum are the cryptocurrencies that are preferred to buy properties.
Stages of buying real estate?
As in the case of buying real estate for real money, the transaction is divided into several stages.
1. Choosing a Property. Sale Agents will help you choose a property taking into account all your requirements, wishes and planned budget.
2. Agreeing on the cost and terms of payment
3. Cryptocurrency transfer
4. Exchange of cryptocurrency for fiduciary money
5. Payment for real estate
How long does it take to exchange bitcoins when purchasing a home?
You can exchange cryptocurrency per day, according to the established limit - no more than 1 million US dollars. Depending on the cost of housing, the process can take from 1 to 7 days.
Can I use bitcoins to pay for agency services and other related services?
You can pay all expenses using cryptocurrency, including real estate after-sales service and other services.
My goal is to buy property in order to obtain Turkish citizenship. Can I use bitcoins for this?
Yes, we will help you buy an apartment or house for bitcoins in order to obtain Turkish citizenship using a simplified scheme.
What tax will I have to pay when buying real estate with bitcoins?
You will not have to pay additional taxes, as they are not provided by law. Cryptocurrency in this case is used as a safe way to transfer funds abroad.
If you have any questions, please contact our manager at a convenient time for you. We will be happy to advise on all aspects of buying real estate in Alanya and its suburbs.