Cryptocurrency is gaining momentum in the real estate sector. And although a significant part of the population still does not know how they work, when viewing some of the main real estate portals, there are more and more ads in which cryptocurrency is accepted as a form of payment.
The use of cryptocurrency has become a widespread phenomenon. This has forced some companies to offer their customers the opportunity to work in bitcoins. An example of this is Avinguda de Roma, number 19. In this building, located opposite Central Park, Monrealia group rents properties with an area of 277 square meters. The amount requested by the owner is €2000 – the rent, which the other day was equivalent to 0.059 bitcoins.
"If the interested person does not have bitcoins, the payment is made in euros, and there are no problems, but this is another alternative that you provide, and it builds confidence," explains Victor Monreal.
In 2018, Monrealia Group sold the first apartment in Spain paid for with bitcoins. It was in the Imperial Square of Tarraco, and since then it has witnessed the growth of business. Now the company uses bitcoin not only for buying and selling, but also this currency opened the possibility of renting. "We are known as an innovative and unusual company."
In 2007, the "brick crisis" shook the sector, which some companies are still struggling with. For Monrealia Group, this marked the beginning of a new way of working, which indicated the transformation of the real estate management business from a traditional business to an asset management business. "We decided to look for differences in projects with the desire to be pioneers and innovators in the processes."
The Monrealia group claims that one of the main obstacles is that "bitcoin is a world that many people are still not familiar with." And the real estate sector is especially interested in this opportunity, which does not imply any changes in financial conditions, in the case of a purchase and sale transaction, it also obliges you to contact a notary, but simplifies the entire procedure of applying to the bank and approving the mortgage.
For those who are engaged in this activity, the advantages are obvious, both for the owner and for potential customers. As for the first, the head of the Monreal Group reports that "you are opening yourself to a market with a population of 7.7 billion people in the world." As for the advantages for the buyer, "the transaction is faster". The company also denies that this cost is associated with luxury apartments. "It's not elitist, because bitcoin's mission is to allow citizens around the world to have money."