How many bitcoins are needed to buy a house in your country?

[KennyR]

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.

same as in my country, payment with bitcoin still not accepted, but if we use the current bitcoin conversion, with only 0.2 BTC I can get a simple house and 1 bitcoin for a luxury house around my city.

In very few countries we've got real estate businesses accepting bitcoin. As the adoption of bitcoin and other cryptocurrencies were happening with different businesses, soon cryptocurrency acceptance can be seen with most of the real estate developers.

In my country it is possible to buy a good appartment with 1 bitcoin. For 0.5 btc it is possible to buy a property and build a house of 1500sqft.

[milewilda]

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.

same as in my country, payment with bitcoin still not accepted, but if we use the current bitcoin conversion, with only 0.2 BTC I can get a simple house and 1 bitcoin for a luxury house around my city.

In very few countries we've got real estate businesses accepting bitcoin. As the adoption of bitcoin and other cryptocurrencies were happening with different businesses, soon cryptocurrency acceptance can be seen with most of the real estate developers.

In my country it is possible to buy a good appartment with 1 bitcoin. For 0.5 btc it is possible to buy a property and build a house of 1500sqft.

Would really vary on  cost of living on a particular country.Some might only need half a bitcoin and some would really be needing more and it would
really depend on how big is the house you would be planning or needing to to buy and its good that there are several brokers or real estates that do
accept crypto payment which is totally good or convenient but as for the serve of investment then i would tend nor prefer on using fiat instead.

[Rruchi man]

This is similar topics that loyceV dropped and we have to portray our views...

Similar true, but this more specific.
Houses are of different types, and prices depend on location both in a state and in a country. I'm a fan of of building a house as i have always expressed.
A property agent on my WhatsApp recently made a post about a decent modern two bedroom flat in a peaceful city in my country.


At the time of posting, 1btc which is the least whole number amount is equivalent to 24,272,600NGN in my local currency.


 You can see that he sent the asking price of the two bedroom property which is decent for a bachelor like me at this stage is just around 18million, which is very okay for the modern facilities the property boast of.



With 1 btc i can get a house, i don't think the cost of houses have or will reduce in my country now or in the future.

[syedakhlaque]

Three Bitcoin is needed to buy a medium-sized house in my country and city. This estimation is about buying a ready made house through a property dealer with his commission & other charges, taxes etc. But when you build a house after purchasing land. Then its cost may be doubled because Consciousness, Lord, inflation has turned people's backs. The cost of land is very high, construction material & labour cost is also very high. So newly constructed house expenditures will be nearly 5 Bitcoins.

[bitart]

In the eastern part of Central Europe you can buy a new house with a little garden if you have 2,5 bitcoins, but not in the capital. In the capital, the prices are doubled, so you need to have 5 BTC to buy a house, and in the luxury part of the capital, you need even more.

I would like to refer to Kakmakr's post above:

...
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.  

Everything depends on your expectations in connection with BTC price. If you think BTC will double in a few years, it doesn't make sense to buy anything expensive, but to wait. If you expect the BTC price to collapse, you should sell your BTC, so you can buy your dream house or anything similar.
But you won't be able to predict the future, so time will tell something about your decision

[nelson4lov]

What countries those guys are from that are posting good and lavish house @ 1 btc? Here in my country, you barely get that house with 1 btc. It would cost you around 2-3 btc from having that house and with a very limited space. Well, city land is always that expensive. But when I've checked those rural places, they're also becoming expensive, I don't know why they're going up despite the pandemic. I thought that it would be the best time to go along with it and scout some but maybe for my option, it would be the best option to just buy a piece of land and save again for building if I want to save or at least wait for the next bull run again. 

It's Africa. Most likely in Nigeria. But one thing I'd like to point out is that it depends on the location. There are some location over here where you would need 2-3 BTC for the same or nearly the same type of house give or take. At least that's something to keep in mind. But in hindsight, 1 BTC should be able to put a rough over one's head, permanently.

[Olayinka2225]

In my country NIGERIA, 0.5btc in price right now is enough to a good and well furnished standard house. Nevertheless, $5000, $7000, $10000 can also buy a house here, but just might not be as standard as that of $20000+.

[KaliLinux]

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.

October 2020 the avg house cost 23 Bitcoins.

October 2021 the avg house cost 5 Bitcoins.

Home prices are down 78% over the past year. Anybody know why the housing market crashed over the past year?

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.

Well, in my country I can not really say the prices of House can crash, It is just the in the past few years, the price of Bitcoin has risen  also, it depends on the area/location you are buying the property.

Shockingly, this 2 bedroom block of flats cost less than 1BTC because around the same location you mostly see Houses costing well over 5BTC

[Xampeuu]

Looking at the current housing prices in my country, I think 1 bitcoin is enough in my country to buy an upper middle class house. at least with that money we will get an area on the outskirts of the city with a large enough land area, at least there is a garage in front of the house to park the car. we can even buy a house with 2 floors

[kucritt]

i think in my city, we need 2 bitcoin for buy the house, actually in my city, i can buy house with only 1 bitcoin. but you will get the standard house. but if you spend 2 bitcoin for buying house in my country, you will get the good facility of house, like security, and all maintenance.

[Dr.Osh]

in my country, with 1 bitcoin, you can get a pretty good house, with a fairly large size. however, I think it applies to other countries as well. it's just, I think that in my country, house prices are still not as expensive as houses in other countries.
with 1 bitcoin, you can get a house like this

[D-law]

Is this not against the rules of the forum ?
This has simply been rebranded,I think have seen stuff's like this more than twice in the board.
Anyways 1btc would go a long long way to do so.
Thanks.

[Tumanggor]

in my country, prices house are influenced by location, for 1 bitcoin can really get 1 luxury house in the city but for suburbs with 1 bitcoin can get 3 or even 5 livable moderate houses

i think in my city, we need 2 bitcoin for buy the house, actually in my city, i can buy house with only 1 bitcoin. but you will get the standard house. but if you spend 2 bitcoin for buying house in my country, you will get the good facility of house, like security, and all maintenance.

I don't know which country you are from but I'm sure the cost of living in your country is very expensive because the price of a house is already expensive

[Odijiehumphrey]

It actually depends on the area, like for the developed part of my country houses are really expensive so it would cost up to 0.6btc (if converted to cash though because they don't accept BTC as a payment method in my country ) while for the lesser developed part, houses are quite less expensive so 0.15btc would be enough to purchase a house.

[molsewid]

in my country, with 1 bitcoin, you can get a pretty good house, with a fairly large size. however, I think it applies to other countries as well. it's just, I think that in my country, house prices are still not as expensive as houses in other countries.
with 1 bitcoin, you can get a house like this

It is already a fairly large size of home for a whole family and with the interiors and exteriors structure system of a house, it is already good enough to be comfortable, in peace, and a dream house for everyone. Here in my country, a 1btc could afford a small house than you have shown in the picture but quite fair enough too as long as the home is called yours. 1 BTC is already a good amount to become an asset it could already give us a comfortable home, a somehow good and comfortable life but to make it grow in its value you need to learn how to double the value or amount or must learn how to diversify it to the most profitable business that will lead you to the opportunity to afford a much more larger house that everyone is dreaming for.

[StanleyBoyle]

If in my country, if I live in the country, it may only need 0.8 BTC
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