Buying a house with 100% Bitcoin is possible in Portugal - page 8.

joker_josue

legendary

Activity: 1722

Merit: 4711

**In BTC since 2013**

Quote from: hugeblack on May 19, 2022, 07:21:59 AM

I used to think that once the parties agree to buy or sell homes with bitcoin, the transaction can take place and you don't need to have a special law allowing that? In other words, if a buyer and I agree to pay in Bitcoin, do we need to check the law before registering the contract?

There may even be the possibility of making a specific contract for this.
But, making a deed regarding the purchase/sale of a house, you must follow the laws of each country for this type of property.
That is, although before you could make a specific contract for this type of situation, now in Portugal you can make this type of purchase according to the normal rules for buying a house.

hugeblack

legendary

Activity: 2688

Merit: 3983

I used to think that once the parties agree to buy or sell homes with bitcoin, the transaction can take place and you don't need to have a special law allowing that? In other words, if a buyer and I agree to pay in Bitcoin, do we need to check the law before registering the contract?

Overall, although it is a rare case, the growth in the use of Bitcoin is on the rise and soon we will hear more similar stories.
The funny side is that the user has sold Bitcoin before the last crash.

joker_josue

legendary

Activity: 1722

Merit: 4711

**In BTC since 2013**

At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.

You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto

But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.

Cryptohouses

In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.

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NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.

Topic: Buying a house with 100% Bitcoin is possible in Portugal - page 8. (Read 2300 times)