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It was reported on May 5 that a property in Braga, Portugal was sold exclusively on the basis of Bitcoin (BTC), with no conversion into euros taking place. With this deal, the real estate business will have seen a first of its sort.
The T3 apartment in Portugal was acquired for three Bitcoins, which is equivalent to around 110 thousand euros. Witnesses to the signing of the deed for the apartment house were representatives from the real estate business Zome, the legal firm Antas da Cunha Ecija, the Chairman of Notaries, and other partners from Crypto Valley Switzerland.
The T3 apartment in Portugal was acquired for three Bitcoins, which is equivalent to around 110 thousand euros. Witnesses to the signing of the deed for the apartment house were representatives from the real estate business Zome, the legal firm Antas da Cunha Ecija, the Chairman of Notaries, and other partners from Crypto Valley Switzerland.
This is the first time a house is sold in digital asset directly without any conversion to euros. I can't wait to see this replicated in other parts of the world. I sent the link to my friend who is a realtor and asked her if their organization has ever considered selling properties in bitcoin only, she said it's in the pipeline and but it will take a lot of time to achieve. I hope this is proof enough for them to make their decision promptly. I will update this thread when I get more information from my friend.