For me the prices looked a bit salty. I thought houses in Portugal were cheaper, or maybe is it more expensive on this site because they are dealing with bitcoin?
Does it mean besides the costs in bitcoin for the property, the buyer has to pay extra costs for the deed of sale and registering the property (taxes to the government), right?
The price of houses in Portugal is very high, unfortunately. For example, a house in Lisbon (the capital) hardly sells below $400k.
And although the person buys the house in Bitcoin, he will have to pay the deed and the respective taxes in fiat.
I never understood how bitcoin can be used in large scale buyings like these.the coin itself is not stable and highly volatile and although this may be fun and all in a bull market but in the bear case as we stand today that BTC you recieved can lose 1/2% of its value in a day.For 3btc + transactions this is alot of money and an unessecary risk taken by the sellr.
I don't think btc was supposed to be used like there,not unless it got severly regulated or backed more.
This is very subjective. You say it's a risk for the seller, but the same goes for the buyer.
Now that the price is down, it was a risk for the seller. But when the price goes up again, it's already a risk for the buyer.
Then it all depends on how much Bitcoin you have. For those who have hundreds of Bitcoin saved, maybe it pays to make this type of purchase, rather than converting into fiat and paying capital gains (in Portugal you don't pay).
One of the properties, for example, was pricing 130BTC, and after few minutes when I checked again it was 129.7BTC.
In turn, the price is fixed in the act of deed. That is, the exchange rate of the day is the amount paid for the house.