Bitcoin (BTC) Property Sales Accelerating With Record $1.25 Million Purchase, Says Turkish Real Estate Firm

Turkish real estate company Antalya Homes says the third Bitcoin halving event that took place on May 11th is a boom for the country’s property industry.

In a statement released on Monday, the real estate firm, which supports Bitcoin payments and offers virtual property tours to clients, reveals that the use of cryptocurrencies in property sales has become widespread as people adapt to new normals in the midst of the pandemic. Antalya Homes says the Bitcoin halving also gave the market a healthy boost.

As Bitcoin surged to $10,000 a week after the halving, company chairman Bayram Tekce says buyers took the chance to use their BTC to purchase properties.

“With the effect of the increase in Bitcoin value after halving, investors made capitalization sales that are reflected as an increase in property sales.”

Amid the rising popularity of Bitcoin, Tekce also reveals that the real estate firm recently brokered a record-breaking sale using BTC as payment when it closed a deal for an Antalya villa.

“We brought the buyer and the seller together on an online meeting and finalized the negotiations. Antalya Homes brokered the payments with Bitcoin. This sale, worth $1.25 million, was the highest valued property sale ever made using Bitcoin in Turkey.”

Featured Image: Shutterstock/Myroslava Bozhko

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