Reported First Real Estate Purchase Made With Bitcoin in Chile


Yuval Ben Haym, regional supervisor of Remax, an actual property agency that operates worldwide, has introduced that the “first” actual property buy with cryptocurrencies has already occurred in Chile. The buy, that was made utilizing bitcoin, occurred final yr. Such purchases have additionally already occurred in different nations like Colombia, Mexico, and Venezuela.

Remax Announces ‘First’ Real Estate Transaction With Cryptocurrency in Chile

The reported first actual property buy made with cryptocurrency has occurred in Chile. The announcement was made final week by Yuval Ben Haym, who’s the regional supervisor of Remax, an actual property operator with actions at a worldwide degree. Ben Haym knowledgeable that this buy was accomplished final yr, throughout November, and that the transaction secured a plot of land in Temuco, a southern metropolis of Chile, for a buyer.

Ben Haym was optimistic about the usage of bitcoin and different cryptocurrencies as fee choices in actual property, and introduced they’re open to accepting these sorts of currencies. He said:

From this time to the long run a number of properties will be capable to be paid with this new technique of fee.

Bitcoin and Real Estate in Latam

Chile is simply one of many Latam nations that has debuted bitcoin as a fee possibility accessible for properties and land. Prior to this report, a number of purchases of the identical sort have been made in nations of the area. The first buy was reported in Venezuela in August when an condominium was bought with $12,000 value of USDT.

Then, La Haus, a proptech firm, informed of an actual property transaction in Colombia made with bitcoin earlier this month. In this buy, the client used Lightning Network to pay for a part of the property, which was a luxurious condominium in a posh situated in Santa Marta. The identical firm had already registered a sale of this type in Mexico, the place a purchaser situated in Peru made a distant buy.

Analysts state that gross sales of this type are prone to turn out to be extra frequent in time. Guillermo Torrealba, General Manager of Buda, a regional alternate, said:

It is regular that we’re seeing the start of this enterprise of cryptocurrencies with properties, as a result of Bitcoin could be seen as an funding.

Nicolas Herrera, research submanager at Toctoc, one other proptech agency, additionally states that with their new restrictions, banks are making the duty of buying a home troublesome for most individuals.

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