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Buying real estate with cryptocurrency: fast, secure, confidential

09.11.2022

“Money is virtual, but purchases are real” – people around the world have long been convinced of the correctness of this expression. The real estate sector and our agency Expert Property also follows the global trend towards business digitalization, therefore we offer an extremely convenient service for buying real estate in Turkey for cryptocurrency. More precisely, for cryptocurrencies, because we accept not one, but all top digital currencies at once, expanding the capabilities of crypto enthusiasts to an unprecedented level.

How often do people buy real estate with cryptocurrency?

I would like to note right away that the legislation of Turkey and, most importantly, the National Bank of the country are loyal to crypto enthusiasts, which distinguishes the country from all possible competitors. We have been observing interest in cryptocurrencies for the last 4-5 years, but a little over a year ago, local legislation was adapted to work with digital assets.

And already this spring, the digital asset management system was further simplified and made more reliable – the National Bank of Turkey is actively promoting this direction and is responsible for its legalization. After the state regulator vouched for cryptocurrencies, ensured the legality and security of transactions, real estate sales began to grow rapidly.

For the third month in a row, we have been conducting one transaction after another with payment in cryptocurrencies, and the demand is growing. Thanks to the rapid growth of crypto assets, millions of people have become rich in a short time. Now they want to fix the digital profits in more stable assets – a kind of “ground” of their unexpected capital. And what could be more reliable and comfortable than housing on the warm Turkish coast? Especially if the National Bank of Turkey itself helps you with this?

Moreover, in recent months, most (!) real estate transactions that have passed through our agency have ended up in cryptocurrency. We ourselves did not expect such interest. That’s why today I’m talking about all the nuances of exchanging virtual assets for real estate. After all, their reliability and convenience have already been proven in practice. And I know what I’m saying, because I’ve been working in this market for 15 years and I’ve never seen such dynamics.

Why do people buy housing with cryptocurrency so often?

This process is also greatly influenced by Turkey’s unique approach to the confidentiality of transactions. Among all neighboring countries, only here the property can be paid for by another person or company instead of the client – for example, a realtor. In Russia, for example, this is impossible – all invoices and payments must be issued in the name of the buyer of the object. Plus, the buyer must still prove where he got these funds from. In Turkey, no one asks unnecessary questions, and anyone can pay for the transaction in any way. The all-inclusive principle works here even in the field of finance.

What does this whole process look like? Let’s start with the fact that you have a desire to invest your money – to buy something for yourself, for recreation or to make a profit from investments. Then you choose sunny Turkey because it is a very profitable and safe location in terms of investment. Since 2012, the economy has only grown, like all local assets.

After that, you contact our licensed agency so that we can select the best apartments, land in Turkey or any other investment object according to your needs and financial capabilities. Our experts offer a full range of services for the search and valuation of assets, for the execution and support of the transaction.

How to buy a home with digital assets: the whole algorithm

So, the apartments with a sea view are selected, the contract is concluded – it remains to transfer funds in the most convenient way for you. To do this, you can use banking services that send money for several days, have fairly high transaction fees and, among other things, the payment can be blocked altogether if the clerks do not like something in justifying the payment. Therefore, more and more customers are turning to an alternative – cryptocurrencies.

The transfer from one cryptocurrency wallet to another usually takes no more than 30 minutes. Funds are sent in a couple of mouse clicks without any banks and intermediaries. At the same time, the commission is usually much lower than the bank and, which is also important, no one will ask you uncomfortable questions. Simply because cryptocurrencies are decentralized and there are no clerks and complex regulatory procedures at all.

We immediately fix the amount in the equivalent of Tether (USDT – virtual US dollar), and then convert your funds into Turkish lira, dollar or euro, depending on the conditions that the client specified in the contract. This allows you to avoid the main risk of cryptocurrencies – exchange rate jumps.

In this way, we fix the amount and enter your money into the Turkish banking system without risks and losses. After that, we transfer funds to the developer, draw up all the necessary documents – and, in fact, the transaction is completed! Now this property is yours. You can move in.
An important nuance is that officially the transaction is paid not by the client, but by the partner. In this case, our agency. The client, on the other hand, does not leave any digital footprint – complete confidentiality. We can make a payment personally from the client, if he needs it, for example, to apply for citizenship.

Why is it necessary to buy real estate for cryptocurrency from Expert Property?

Because we already have a huge practice, zero commission for converting the course and a good reputation in the market. I would like to emphasize our approach with the fastest possible conversion of cryptocurrencies into the denomination of the national currency – everything happens in less than an hour. The sooner this is done, the less fluctuations in rates will be. And most importantly, we do not charge any commission for conversion, which is the sin of some other agencies and partners.

We do not work through intermediaries or partners. We conduct the entire transaction ourselves, through our financial department with zero commission for currency conversion. Therefore, our client does not overpay anywhere and does not lose anything “on the way” to Turkey, receiving the amount that he sent with a minimum adjustment to the current exchange rate. The whole process is described step by step and is as transparent as possible – you can track your funds online.

If you are interested in learning more about this, I advise you to contact me personally or our financial department. Yes, you read that right – there are so many such transactions that we have formed a whole financial department. So there is no need to be afraid or doubt. If you want to “ground” your digital assets, you should immediately contact us for advice, we are already waiting for you!
Yours Tatiana Güneş

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