general

Spain’s real estate market grows 400% with cryptocurrency accepted as payment

Spain’s real estate market grows 400% with cryptocurrency accepted as payment

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Spain’s real estate market grows 400% with cryptocurrency accepted as payment

The real estate market continues to grow since last year in both Spain and Europe; As a result of the repercussions of high inflation and the war on Ukraine, which changed the expectations of some about the economic recovery after the Corona pandemic.

According to figures released by the Spanish news agency “Europe Press”, interest in the real estate market has increased by 400% since last November, with many investors heading towards buying real estate without even seeing it.

According to analysts, crypto and stock investors are turning to the real estate market as a more stable investment that offers less volatility than stock and cryptocurrency markets, and gives them the opportunity to enter and exit the market easily due to high demand.

Read:A partnership between “Cardano” and “IBM” aims to modernize and market the services provided further

This high interest prompted some cryptocurrency investors to buy real estate directly using digital currencies, and not have to exchange it for paper money through banks, after it was accepted by a number of companies operating in the real estate sector.

However, there are still hurdles for buyers when using cryptocurrencies to pay, such as calculating the taxes associated with the purchase and setting the price in bitcoin or another cryptocurrency due to its volatility.

Such transactions are more common in Latin America, where many properties have already been sold via cryptocurrency and dealers there are more receptive to the procedure.

Read:John McAfee does not invest in digital currencies and reveals his use of only two digital currencies!

Read also:

Nomination of a Former Ripple Adviser for the Position of Vice President of the Federal Reserve… How will this affect Ripple?

Bitcoin is better than all other payment networks according to the CEO of the “Strike” payment company


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
The price of the digital currency “ApeCoin” increased by more than 29% to reach its highest levels…Here are the reasons for it!
Next post
Nomination of a Former Ripple Adviser for the Position of Vice President of the Federal Reserve… How will this affect Ripple?