Due to rising inflation expenses and war, the real estate market in Spain and Europe has been growing since last year, changing some projections about an economic recovery. According to Europa Press data, interest in the real estate market has increased 400% since November, with many investors rushing to buy houses without even seeing them.
Some investors have even diverted funds from riskier investments such as stocks and cryptocurrency to invest in the real estate industry. Rebeca Pérez, the creator and CEO of Inviertis, a website that allows people to invest in rented properties in Spain, shared her thoughts on the current status of the market.
According to Pérez, investors perceive real estate properties as a more stable investment with less volatility than stock or crypto markets, and they also perceive them as having the ability to get in and out of the market quickly due to high demand. Due to the tremendous level of interest, some crypto investors have begun to acquire real estate using cryptocurrency rather than fiat money through banks. According to Perez, this can be quite appealing to some investors.
However, there are still several stumbling blocks to overcome when using cryptocurrency for this type of transaction. Due to the volatility of bitcoin and other cryptocurrencies, these include calculating the taxes associated with the purchase and determining the price in bitcoin or another cryptocurrency.
These transactions are far more widespread in Latin America, where multiple houses have previously been sold for cryptocurrency, and the assets are widely accepted as payment options.
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