Topic: How many bitcoins are needed to buy a house in your country? - page 2. (Read 568 times)

I haven’t found yet here in our place that accepts Bitcoin as payment to buy a house. I am looking forward to that. I’ve been imagining having Bitcoin as one of the regular payment accepted here in our country. I think that will be a big leap as our country is not that leading when it comes to technology.

In my country, I now have 3 bitcoins and can buy 3 houses

it costs 4 Bitcoins.

Some considerations:

1 - the price of land in my country is very high, it becomes a big headache to have land to build a house, minimum land price in my country: 0.025 BTC

2 - the prices of construction material are very expensive and consequently the prices of houses are high

In my country cost life pretty much low and following it the lands to build houses too pretty cheap even for the houses we will find various prices of houses from ordinary to luxury and there are various price for them so it depend on the budgets itself but for ordinary houses you can get 0.5 btc to 2 btc and for luxury it usually started from 2 btc or higher

It mainly depends where would I buy the house; if we are talking about buying a house my hometown, approximately 1-1.5 BTC would be more than enough modern ~200 square meters house. Then again, its a small town in less developed part of my country (Croatia) and if anything people are moving out of there.

If we are talking about town where I currently live, you would need at least 4 BTC for anything even remotely decent. My goal is house with a sea view, and for that I would need something like 8-10 BTC now, or hopefully 1  BTC in a couple of years.

OP, some very good questions there 

So to answer your question, if it is a good idea to buy a house with Bitcoin, I take you back to this article that was posted in 2018.
https://www.cnbc.com/2018/01/03/heres-the-one-thing-you-need-to-buy-a-house-with-bitcoin.html  and I quote : " a Lake Tahoe property that sold in 2014 for 2,739 bitcoins, or $1.6 million. " .....  

Based on the Bitcoin price today at $57,460 ..those 2,739 bitcoins will be valued at roughly $157,382,940  (So even if the property market boomed like crazy, you will never see an increase in the value of that property at that rate over the same period.)

The other scenario is this... IF the Bitcoin price drop to say $1000 ....those bitcoins will still be worth $2,739,000... but the property will be worth a lot more.  

One Bitcoin is all you need to buy your dream house in my country. Exciting! one Bitcoin = one dreamy house! You can buy some houses, even with less than one Bitcoin.

The level and type of house of course each area is different, depending on the model and building area, there are 2 rooms, 3 and up to 12 depending on one's budget and wishes.

For sure, where I live there is a house that has a buying and selling value: 0.2 Btc and up to 1 Btc at the current price, 0.2 Btc is the simplest type 36 two rooms, living room, 1 toilet and kitchen, it can be said that the owner of a type 36 house is the lowest income poor, when measured by the dollar, around $12000.

While for 1 Btc, if the current Bitcoin price is calculated at $61,531, including elite houses, the conclusion: for 2021, in my area, one house with a price of 1 Btc, can be said to be classified as luxurious, also with furniture facilities in it.

Since the average house price rose in the UK by £25,000 a year, the situation has become bad, especially in cities like London.

You can buy a small house for approx 3BTC in my country. It wouldn’t he a great house in a desirable neighbourhood though. You definitely won’t get a home for 3BTC in London, you’ll likely have to go 1-2 hours further north in the Uk.

3BTC @ the time of posting is £46,038.
As an example this house is £140,000 in Manchester (approx 3 hours from London). You would likely see a 3BTC offer accepted.

Can you ask in a smaller scope, for example "the price of a house in your city"? There is no property price (eg comparing 2 houses with the same design) that can be determined due to several factors such as:

Area class - If the house is located in an elite area, it is usually very expensive because it is targeted by upper economy class individuals even though there is really nothing special (like well-known artists, where every product can be bought at high prices by fanatical collectors).

Accessibility - Location can become a pricing standard. You will see the price difference between houses on the roadside will be more expensive than houses in the middle of the forest because in a simple assumption the house is close to the center of the crowd, for example the market, hospital, police station, fuel station, presidential house, or whatever.

Security - This is the most important factor. There are several cities in certain countries that are hotbeds of gangsters or prone to criminal acts, so property prices there are not too expensive even with luxurious designs. Or also, the house is located in an area prone to natural disasters.

Sales process - If you buy directly to the homeowner, you will get an exclusive price. Another thing with you asking the price to the property agent / intermediary. In fact they can charge up to 100% more than the homeowner's price (even more).

Not wanting to get off topic, there was 1 member who once offered a house on my local board. Fyi, This is not located in my city (maybe in my city you can get much cheaper)
Price as of January 14, 2018 : 9.8BTC ($132.860)

in my country to get a simple house with just 0.4xxx BTC is enough





So if you want a modern style luxury house, you need 1-2 BTC or more

I was quite surprised. From which countries are you, guys? You've got really cheap houses.

I am from a developing country and yet houses here are very expensive. In my city in particular, this one below costs around 5.3BTC.


https://www.dotproperty.com.ph/4-bedroom-house-for-sale-in-ma-a-davao-del-sur_7474134

If you have only 1BTC, this is the kind of house that you could buy:


https://www.dotproperty.com.ph/2-bedroom-house-for-sale-or-rent-in-cabantian-davao-del-sur_5730294

The house location matters significantly, of course. The first house I posted is located in a subdivision near the city proper. However, even if location matters, the cheaper house I posted is located much farther from the city center.

Houses here are very expensive!

This is similar topics that loyceV dropped and we have to portray our views, here comes the link: https://bitcointalksearch.org/topic/m.58203314

Nevertheless 1btc can go a long way in my country to buy landed properties such as house, supermarket and also a plot of land to establish anything such as hotels, hospital, commercial house, and it totally depends on the environment because the prices are differs do to it's location.

1 btc is approximately thirty five million in my country currency, so it can buy this.

https://ibb.co/Tmf897m


https://ibb.co/Kq6b96x

Housing market crashed as a result of pandemic. During the pandemic lots of layoffs, covid-19 attack, business losses, daily deaths which made people to think of staying alive than thinking about investing on real estate and properties. This caused the decline in the market for housing. When things started to recover and normalised similar to the pre-pandemic, people started to think of investing into properties.



To construct a house similar to this it costs around $40-45k based on the present market condition. This doesn't include the land value. If land value included it costs around $75-$80k in the town region. If the same is located in a City region the price will be as high as $140k - $170k. The construction along with the land value hasn't varied much between 2020 October and the present month this year.

Please only post embedded images (use [ img] URL.jpg[ /img] tags) + BTC rate (USD and/or local currency) + short explanation


Houses are one of the things that you sell your Bitcoins to buy it, but is it better to sell now or wait?
The motives for writing the topic are the following two topics.



Source: https://www.reddit.com/r/Bitcoin/comments/qa8ity/why_is_housing_so_cheap_and_affordable_when/
Source: What can 1 Bitcoin buy in your country?

So if you have historical data it would be better, otherwise tell us how many bitcoins are needed to buy a house now and several years ago.

I will archive this topic in a few days so that we can compare it after 4 years and see the difference in the houses.