Buying a house with 100% Bitcoin is possible in Portugal

[Patrol69]

It's really nice to hear that houses are currently being bought and sold with Bitcoin. We look at this to understand how much Bitcoin has flourished today and how much it has tried to change the world. Today more and more people accept Bitcoin, and it is possible to buy different products with Bitcoin, since houses sold in Portugal accepted Bitcoin payments, so I think in the future more merchants will accept Bitcoin when selling different things. I believe that Bitcoin will rule the world one day and every country will have different purchases completed with Bitcoin. Since houses are bought in Portugal with bitcoins, I think maybe they will accept bitcoins for buying and selling land in the future.

The two people in Portugal who bought and sold their house with Bitcoin I think had a plan in advance that they would do this transaction with Bitcoin. Where others do their transactions with Euros or Dollars, these two men may have wanted to do something different in the transaction, which is why they chose Bitcoin as the medium of transaction. Such incidents of theirs have been widely discussed in the world. People are now planning to make big transactions through Bitcoin.
Hopefully this large transaction through Bitcoin will not be limited to Portugal and there will be many more such transactions and all over the world. Such events show the level of popularity Bitcoin has reached and how much more Bitcoin's popularity can grow in the future.

[Porfirii]

This is excellent news. I had already heard that Portugal is a bitcoin friendly nation but I didn't know that you can even purhase y a house with BTC.

It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.

Anyway, as long as I know, you'll be still able to buy a house in Portugal, after paying the corresponding taxes, of course.

[joker_josue]

It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.

The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.

Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.

[Porfirii]

It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.

The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.

Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.

Thanks for the clarification joker_josue, I read the news a few weeks ago and mixed some concepts in my head. I wasn't totally wrong neither, because if I wanted to buy a house with Bitcoin in your country I'd benefit from double incentives, and as you confirmed, next year they will be less; although it is still much better than nothing, and it is great that long term hodlers are still rewarded the way you mention (not like here in Spain ).

[Litzki1990]

It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.

The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.

Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.

Two people have bought and sold a house through bitcoin with their own consent but if someone new wants to buy a house through bitcoin from a person is it possible. I mean if a person directly buys a house in Portugal and pays with bitcoins without bilateral negotiation whether the house owner will accept it.

[DrunkBender]

This is amazing. Soon the coins will spread everywhere

[Cloner9999]

I bought my house using bitcoins. The transaction was smooth but it lost value on the long run

[joker_josue]

I bought my house using bitcoins. The transaction was smooth but it lost value on the long run

In which country did you make this purchase?
Can you provide more details on what this process was like?

[Bushdark]

I bought my house using bitcoins. The transaction was smooth but it lost value on the long run

This is really surprisimh to me how you were able to buy your own house with Bitcoin and you are still complaining about it. You can always buy any amount of Bitcoin in the market so there is nothing to lose if you have followed the same full step.
It will be a good move when we purchase properties with Bitcoin which is going to be an eye opener to people that have the mindset that Bitcoin cannot be used as a legal tender or purchase goods. By the time Bitcoin is going to surpass the previous high.

[Litzki1990]

I bought my house using bitcoins. The transaction was smooth but it lost value on the long run

You say you made a purchase with Bitcoin, may we know which country you live in and how long ago you made your transaction. You bought a house with Bitcoin so I'm dying to see your house. Can you share pictures of your home here? Most of the discussion in this topic is about a person in Portugal buying a house and a person selling a house and using Bitcoin as a transaction for this purchase and sale. On this subject but here you have shared your own house purchase so if you share different information we can know fully.

[virasog]

I bought my house using bitcoins. The transaction was smooth but it lost value on the long run

You say you made a purchase with Bitcoin, may we know which country you live in and how long ago you made your transaction. You bought a house with Bitcoin so I'm dying to see your house. Can you share pictures of your home here? Most of the discussion in this topic is about a person in Portugal buying a house and a person selling a house and using Bitcoin as a transaction for this purchase and sale. On this subject but here you have shared your own house purchase so if you share different information we can know fully.

I wonder why are you dying to see the house purchased with Bitcoin The house either bought with Bitcoin or bought with fiat money will remain the same and there would be no extraordinary things with that house

Anyway, i would like to know how much bitcoins did he spent in order to buy the house as i know that houses are expensive worldwide and if he spent the bitcoin recently to buy the house, then it may not be a wise decision to sell bitcoin in the bear market   

What if , he would have bought the house after a year or so, maybe he could have bought two houses in the same amount of bitcoin he spends now. (as bitcoin price will be doubled or even more higher)

[joker_josue]

What if , he would have bought the house after a year or so, maybe he could have bought two houses in the same amount of bitcoin he spends now. (as bitcoin price will be doubled or even more higher)

If we always think like this, bitcoin will never be used for anything. And I think bitcoin should also be used when needed.

Currently, given the price of the house market (in Portugal) and the price of bitcoin, you currently have to spend 4-5BTC ^minimum to buy a house (in Portugal). For anyone who has a dozen BTC available, I don't think it's a difficult amount to give.

[2Pizza410000BTC]

At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.

You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto

But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.

Cryptohouses

In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.

Bitcoin transactions are allowed in Portugal due to which Bitcoin is being traded and traded there. There is no pressure from the government due to which it is very easy for a person to purchase his house through Bitcoin. If it happened in my country it would not be possible at all because Bitcoin is not accepted in my country. Bitcoin has been made illegal by the government of my country, due to which we cannot buy anything with Bitcoin even if we want to. If bitcoin is ever legalized in my country then maybe in my country like Portugal everything will be possible to buy with bitcoin.

[helgablue]

Interesting, I am just looking for a husband from Portugal. I am 41 years old, I have a big son 16 years old. a little weight gain, but not terrible, I can lose weight if necessary, economic. looking for where to earn btc. Too bad there's no topic about earning bitcoin if you're not a programmer

[avp2306]

 

Interesting, I am just looking for a husband from Portugal. I am 41 years old, I have a big son 16 years old. a little weight gain, but not terrible, I can lose weight if necessary, economic.

Maybe you cannot find it here since people here are focus on investment and they are not seeking for liabilities.

looking for where to earn btc. Too bad there's no topic about earning bitcoin if you're not a programmer

Just search the keyword how to earn bitcoin for sure lots of suggestion will show up.

But will give you sample so hopefully you spend time to read it https://99bitcoins.com/earn-bitcoins/

Earning bitcoin is not only limited for programmers since you can seeks for various gigs where you can earn it. Just be knowledgeable or skilled enough to fit on some task to acquire it. If you will not exert some effort to search nothing will happen, since asking question without taking action on the suggestion given will not give any result to anyone.

[helgablue]

Maybe you cannot find it here since people here are focus on investment and they are not seeking for liabilities.

I thought so. The probability of being interested in stability is 0.000001% out of a 100.

Just search the keyword how to earn bitcoin for sure lots of suggestion will show up.
But will give you sample so hopefully you spend time to read it https://99bitcoins.com/earn-bitcoins/

Thank you. I’ve been studying Bitcoin, but not for very long. Initially, I found it through GitHub, starting with dergigi, and then continued reading through links and contacts. I’ll also try to participate in the art contest here.

Overall, my story on this forum is quite ordinary. I became disappointed with the governance in one project, as they put it. For now, my qualifications have left me with a broken heart.

[fillippone]

We had a few of those "House sold in Bitcoin" articles in Italy.
But when you analyse the news, you discover that the bitcoins are sold before the actual real estate transactions, and the proper transaction is registered in Euro.
I didn't understand if the actual transaction, i.e., the amount of the sales in the contract, is registered in Bitcoin or Euro.
The fact that the price fluctuates a lot makes me think the actual price is in Euros, and there is a conversion in BTC.

Do you have any insight on this?

[joker_josue]

We had a few of those "House sold in Bitcoin" articles in Italy.
But when you analyse the news, you discover that the bitcoins are sold before the actual real estate transactions, and the proper transaction is registered in Euro.
I didn't understand if the actual transaction, i.e., the amount of the sales in the contract, is registered in Bitcoin or Euro.
The fact that the price fluctuates a lot makes me think the actual price is in Euros, and there is a conversion in BTC.

Do you have any insight on this?

I don't know what it's like in Italy. But, in Portuguese cases, what has happened is that Bitcoin is considered an asset. An exchange ends up occurring between the two goods: bitcoin <> property. In other words, there is no exchange of bitcoin for euros. The buyer gives BTC and the seller gives the Property.

Of course, this involves several contracts, and in turn the payment of fees and taxes directly in Euros, both on the part of the buyer and the seller.

[fillippone]

We had a few of those "House sold in Bitcoin" articles in Italy.
But when you analyse the news, you discover that the bitcoins are sold before the actual real estate transactions, and the proper transaction is registered in Euro.
I didn't understand if the actual transaction, i.e., the amount of the sales in the contract, is registered in Bitcoin or Euro.
The fact that the price fluctuates a lot makes me think the actual price is in Euros, and there is a conversion in BTC.

Do you have any insight on this?

I don't know what it's like in Italy. But, in Portuguese cases, what has happened is that Bitcoin is considered an asset. An exchange ends up occurring between the two goods: bitcoin <> property. In other words, there is no exchange of bitcoin for euros. The buyer gives BTC and the seller gives the Property.

Of course, this involves several contracts, and in turn the payment of fees and taxes directly in Euros, both on the part of the buyer and the seller.

In Italy, the value must be reported in EURO on the official act, and the payment must be made with a traceable means (no cash, for example).
Then, of course, all the taxes must be paid in euros.

Paying taxes in Bitcoin is a ridiculous thing to me. You want to get rid of the bad money!
 

[joker_josue]

In Italy, the value must be reported in EURO on the official act, and the payment must be made with a traceable means (no cash, for example).
Then, of course, all the taxes must be paid in euros.

You are right, the same happens in Portugal, the declared value of the goods is in EURO. Regardless of the payment method.