Bitcoin Forum

In what countries can people buy real estate with bitcoins? How legal are the deals?

In every where you can find a buyer that wants to accept bitcoins as a payment method. In the contract you can state the price and the currency you pay with I think it's not so important. If the contract is between two persons, not a real estate agency as an immediator, in that case this maybe wouldn't be possible.
Not in many counties, if any, bitcoin is regulated as a payment method but buying a house with bitcon is not illegal.

Miami, Florida
 Dubai, UAE
New York, New York
Lake Tahoe, California
Bali, Indonesia

Here in the Philippines it's legal for you to buy a real estate. Some crypto enthusiast here do accept Bitcoin as payments to almost everything here. you can buy some real estate starting at 5-15 BTC depends on the place and how big is it.

As long as someone would like to sell their house with Bitcoin it's okay and there is no illegal about it.

The first successful deal to sell residential property for crypto currency in Denmark in 2016 was announced by a blockchain-startup Coinify.

from everywhere as long as you have a sufficient Bitcoin to buy it,
for example a while ago someone sold his house in Perth Hills,Wester Australia.
he only accepting Bitcoin and can not buy it using cash,which mean everybody who has a sufficient Bitcoin can buy it no matter what.
about legality,i am not really sure about it because none of them regulated it.
it has its own risk if you buy it using Bitcoin, because we know that Bitcoin has zero authorities,
and it's a bit hard to take an action if they scam you or doing something to you after you send your Bitcoin to them.
for now it's a bit complicated to buy it but,you can buy it using Bitcoin.

it is none of anyone's business how you pay for something you buy, whether it is a house or a pen! you can pay with bitcoin or cash or wire transfer through banks.
as long as it is a legal exchange, the money is not dirty, and also if you pay  your taxes there is nothing wrong with using bitcoin.

the problem is finding someone who is willing to spend their bitcoin. or others to accept it.

Definitely, Dubai... There was a time not long ago just a recent, I was reading CNN Money page and came across something like that.

Like How can you even tell and speculate it!? It is too early to create a thread like this, Bitcoin Legalization and Bitcoin Regulation must be finalized first to all countries before we can speculate, and also don't forget the acceptance of people on that country, Government acceptance on Bitcoin and Regulating it doesn't necessarily mean that their countrymen will also accept and start using Bitcoin. We have a long way to goo, It is too early for this , i'm just being honest on my opinion.

I think the legality will be in the confirmation whether the owner of the house would accept bitcoin, or a real estate would certainly accept a decentralized transaction, I know that there are many bitcoin enthusiast in the Philippines but In my opinion there are only a 40% of people that knows about bitcoin here, well that is just an estimation but maybe you can really make a transaction in buying real estate here in the Philippines.

Since bitcoin is becoming well known to everyone worldwide you can find someone who can accept Bitcoin as a payment for real estate transaction deal.

None. It is a seller's prerogative if they want to sell their house for bitcoin. No country has an actual policy of real estate sales with cryptocurrencies.

Yet It doesn't happens to my country but I heard something about Denmark, Dubai , phillippines UK and many other country has history to buy real estate by bitcoin. It is really a good news for we crypto lovers.

There have been many reported real estate sellers accepting Bitcoin and most are in USA and Dubai, It doesn't matter if your country recognize it as currency or not, everyone can also do this if they decided to sell their house and receive cryptocurrency. In terms of legality, I think the transaction can be legally called if both sides (seller and buyer) are branching according to the use of bitcoin as payment. I can even transfer my home documents to someone and secretly accept bitcoin from him as exchange. here are some places where real estate sellers reported accepts Bitcoin as payment: http://cryptocurry.com/news/top-5-cities-can-use-bitcoin-buy-real-estate-property/

Most of the countries that made bitcoin a legal form of payment taken by any regulation imposed by the Government officials most of them are in the USA and some Asian countries as long as the bitcoin is not banned for that kind of transaction, you can also make a deal for a people who sell their estate by fiat and convince to make the payment out of btc, there are a lot of websites that sells real estates for bitcoin just watch out for scam sites.

You can't buy property with bitcoin. Such transactions require state certification. There is a certain order. In all States there are rules of the trade. Trade is made only in national currency. You can buy property for any currency but first you should exchange it at the national. I don't see any topics for discussion.

I am sure as long as there is no money owed to the bank who want it in FIAT you would be able to cut a deal almost anywhere. The questionable issue is what tax would be owed but then again that is normally at "market rate" rather than sale /purchase price. Which would need to be in FIAT to pay the government.

Here's a resource that explains the legality of Bitcoin in each country: https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory (https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory)

You can use Bitcoin to pay for anything in the world, provided the seller will accept Bitcoin as payment.

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This comment is 100% false. Which country are you from? Trade can occur in all eorts of forms. A seller may have to pay taxes on the income from the sale, and that currency type might be specific, but that's not the currency that must be used for the original sale. State certification likely does not include regulation of the currency used, only that the sale price was reasonable and to document the exchange of ownership.

I got a friend who owns 7 units in Valle Verde and accepts bitcoin as a form of payment for those luxurious houses. His family is willing to accept the coin knowing that it provides good interest over time compared to the banks around. He also owns a small mining farm somewhere in Pampanga so it's not surprising that he'd ask for bitcoins as a payment. I wonder how the tax proceeds be calculated for such a sale though.

This is the 4th time today I run into a post of yours where you claim stupid things.
Do this forum a favor and stop spreading stupid rumors and post garbage.

https://futurism.com/bitcoin-was-just-used-to-pay-for-a-new-home-in-texas/
http://www.zerohedge.com/news/2017-09-20/somebody-just-bought-house-bitcoin
https://www.cnbc.com/2017/09/05/dubai-real-estate-project-first-to-be-priced-in-bitcoin-michelle-mone.html
https://www.thesun.co.uk/news/4467612/posh-1-7-million-house-in-south-london-becomes-uk-first-to-be-offered-for-digital-bitcoin-currency/
https://bitcoinmagazine.com/articles/man-accidentally-makes-13-million-buying-house-bitcoin/
http://metro.co.uk/2017/10/18/britains-first-house-to-be-sold-for-bitcoin-could-be-this-new-build-in-essex-7008507/

Besides, Bitcoin has become legal tender in a few countries, and it is consider a legal form of payment.

for example, near Moscow, the development company M9 Development still in the summer sold houses for bitcoins

Somebody just bought a house in Texas with Bitcoin!

As of today, the top 5 cities where you can actually purchase real estate with bitcoins are 1. Miami Florida, Dubai, New York, California and Indonesia. Despite the uncertainty of the Bitcoin market, tech-savvy investors and agents are willing to take on the risk of the cryptocurrency market. You could actually check this website out; you can search for properties that are for sale for bitcoins and post your properties for sale for bitcoins as well. http://bitcoin-realestate.com/

Individuals namingly agents accept bitcoins since 1. It is fast; the transaction would only take a few minutes for the transaction to be done. 2. The value of bitcoin is growing, with 2017 it has increase more than 800%. 3. It is private since the transaction will not be of public and will be done online.