Cryptocurrency — This is electronic money that is used today to carry out almost any financial transaction: from buying clothes or equipment to purchasing property. According to official data, there are already about 2,000 different cryptocurrencies, the most popular of which are Bitcoin, Ripple, Litecoin, Bitcoin Gold, Stellar, Ethereum and other tokens.
An attempt to purchase real estate with virtual currency was first made back in 2013 in Canada. And today buying an apartment in Turkey, a villa in Europe or a penthouse in London for bitcoins has already become the norm. Moreover, payment in crypto is accepted not only by individuals, but also by large corporations.
The appearance of cryptocurrencies on the global financial market — These are great prospects and new opportunities for real estate investors. In the Republic of Turkey, many real estate companies and developers are already adapting to new investment realities and are ready, at the request of clients, to carry out purchase and sale transactions using cryptocurrency.
We will tell you how to buy real estate with cryptocurrency in Turkey and what are the advantages of electronic money in our latest review.
Content of the article:
- In which countries can you buy real estate for cryptocurrency
- What real estate can you buy in Turkey for crypto
- Stages of buying real estate for cryptocurrency
- Selecting an object
- Negotiations on the terms of a purchase and sale transaction and method of payment
- Payment with cryptocurrency
- Money exchange
- The seller receives real money and re-registers the TAPU
- Pros and cons of buying real estate in Turkey for crypto
In which countries can you buy real estate with cryptocurrency
Forward-thinking investors are interested in the question: in which countries can you buy real estate with cryptocurrency?
Currently, many states still prohibit or do not officially allow the use of virtual money. For example, such bans apply in China, Egypt, Morocco, Algeria and other countries.
Nevertheless, there are enough countries in the world where governments are loyal to the purchase of real estate for cryptocurrency.
The most popular of them:
- Malta;
- Thailand;
- Salvador;
- Singapore;
- Germany;
- Georgia;
- Montenegro;
- Canada;
- Portugal;
- Republic of Turkey;
- United Arab Emirates;
- Salvador and others
Thailand — one of the first powers to legalize crypto. The national cryptocurrency market of the UAE is actively gaining momentum today and allows you to conduct a successful business. In Germany, all transactions with crypto are legalized, so you can buy a home by making a transfer from the buyer’s crypto wallet to the seller’s crypto wallet. In Turkey, according to statistics, more than 8,000,000 local citizens use digital currencies, and due to the devaluation of the Turkish lira, the number of virtual money holders is growing. Against this background, many real estate agencies accept crypto payments. In addition, using tokens, buyers can still obtain a Turkish residence permit and citizenship by investment.
What kind of real estate can you buy in Turkey for crypto
It should be noted that back in 2021, the Turkish government launched a pilot project, the purpose of which is — creation of an electronic currency based on the Central Bank. The cryptocurrency is called Central Bank Digital Currency or CBDC. As for legislation, at the moment most laws regarding the regulation of the movement of virtual money and assets, the work of blockchain technologies are under development. The state has not officially confirmed the status of crypto as legal tender. However, mutual settlements with bitcoins and other tokens are not prohibited in the Republic of Turkey.
In Turkey, you can purchase any real estate with cryptocurrency:
- apartments in ultra-modern residential complexes with developed internal infrastructure;
- detached houses;
- status villas, penthouses;
- ancient mansions;
- real estate for commercial purposes for offices, restaurants, hairdressers, SPA centers and much more;
- land plots for construction or agriculture.
Tosmur district, 2+1 apartment of 110 m² in a complex built in 2010, furnished, with 2 bathrooms and 2 balconies, located 1000 m from the sea and 350 m from the center of the district, suitable for obtaining a residence permit and has a sea view.
2+1
110 m²
10864
Tosmur district - open for residence permit, 2+1 apartment with an area of 110 m² in a complex built in 2009, furnished, with 2 bathrooms and 2 balconies, located 850 m from the sea and 600 m from the center of the district.
2+1
110 m²
10863
Mahmutlar district, 1+1 apartment of 65 m² in a complex built in 2022, furnished, with 1 bathroom and 1 balcony, located 650 m from the sea and 250 m from the center of the district, in a complex with developed infrastructure.
1+1
65 m²
10862
Güllerpınarı district, 2+1 apartment of 100 m² with a separate kitchen, in a complex with the possibility of obtaining a residence permit, unfurnished, with 2 equipped bathrooms and 1 balcony, located 250 m from the sea and 50 m from the center of the district.
2+1
100 m²
10861
Oba district on the border with the center of Alanya, 2+1 apartment of 85 m², unfurnished, with 1 bathroom and an enlarged balcony space, located 300 m from the sea and 150 m from the center.
2+1
85 m²
10860
Mahmutlar district, 1+1 apartment of 65 m² in a complex built in 2016, furnished, located 450 m from the sea and 300 m from the center of the district, with a view of the surrounding area and infrastructure.
1+1
65 m²
10859
Mahmutlar district, 1+1 apartment of 55 m² in a complex built in 2022, furnished, located 650 m from the sea and 250 m from the center of the district, with views of the surrounding area and partly the sea.
1+1
55 m²
10858
Kestel district, 3+1 apartment of 175 m² in a complex built in 2017, furnished, first line - 0 m to the sea and 100 m to the center of the district, with a direct sea view and the possibility of obtaining a residence permit.
3+1
175 m²
10857
Kargicak district, 1+1 apartment of 60 m² in a complex built in 2010, furnished, 1 bathroom with bathtub, 1 balcony with sea and mountain views, 2500 m to the sea and 2000 m to the center of the district, suitable for rent and living.
1+1
60 m²
10856
Avsallar district, 1+1 apartment of 52 m² in a complex built in 2023, with a kitchen set, 1 bathroom and 1 balcony with a view of the surrounding area, 1500 m to the sea and 1000 m to the center of the district.
1+1
52 m²
10855
Kestel district, 1+1 apartment of 58 m² in a complex built in 2022, unfurnished, located 350 m from the sea and 100 m from the center of the district, with a view of the pool and the surrounding area.
1+1
58 m²
10854
Mahmutlar district, 1+1 apartment of 60 m² in a complex built in 2010, furnished, located 250 m from the sea and 100 m from the center of the district.
1+1
60 m²
10853
Mahmutlar district, 1+1 apartment with an area of 68 m² in a complex built in 2020, fully furnished, located 100 m from the sea and 300 m from the center of the district.
1+1
68 m²
10852
Mahmutlar district, 1+1 apartment of 50 m² in a complex built in 2024, furnished, located 700 m from the sea and 300 m from the center of the district.
1+1
50 m²
10851
Tosmur district, 2+1 apartment, 110 m² in a complex built in 2013, furnished, located 300 m from the sea and 100 m from the center of the district, with a view of the surrounding area and partly the sea.
2+1
110 m²
10850
Mahmutlar district, duplex 2+1 with an area of 110 m² in a complex built in 2024, furnished, located 400 m from the sea and 200 m from the center of the area.
2+1, Duplex, Penthouse
110 m²
10849
Mahmutlar district, 2+1 apartment of 120 m² in a complex built in 2007, furnished, located 50 m from the sea and 100 m from the center of the district, with a view of the pool and partial sea view.
2+1
120 m²
10848
Mahmutlar district, 1+1 apartment of 50 m² in a complex built in 2022, furnished, located 1500 m from the sea and 1200 m from the center of the district, with a transfer to the beach and mountain views.
1+1
50 m²
10847
Oba district, 2+1 apartment of 80 m² unfurnished, located 2500 m from the sea and 100 m from the center of the district, with a view of the mountains and surrounding area.
2+1
80 m²
10846
Oba district, 1+1 apartment of 60 m² in a complex built in 2024, furnished, located 3000 m from the sea and 1000 m from the center of the district.
1+1
60 m²
10845
Stages of buying real estate with cryptocurrency
Buying an apartment with cryptocurrency in Turkey is quite simple. By and large, the procedure is no different from purchasing a home with fiat money. The main difference is that before the TAPU is reissued, the investor needs to send tokens to the account of a real estate agency, which will exchange them for national currency.
Let's take a closer look at the stages of purchasing housing in Turkey using electronic money:
Selecting an object
The housing market of the Republic of Turkey offers investors from abroad a huge selection of properties with any characteristics. Among the presented options, each buyer will be able to choose the one most suitable for their investment goals and budget.
Negotiations on the terms of the purchase and sale transaction and method of payment
If you purchase real estate with the support of a real estate company, it is not at all necessary to inform the seller about the use of virtual money for payment. The thing is that in the end the seller will receive real currency in his hands, since the real estate agency will convert the crypto using its crypto wallet.
Payment with cryptocurrency
After the buyer communicates his desire to purchase an apartment in Turkey for bitcoins or other cryptocurrencies, agency employees will request documents to identify the client. Once the data has been confirmed, you will be able to transfer tokens from your crypto wallet to the company’s crypto wallet on one of the popular international digital Internet platforms.
Note: most often in Turkey, when carrying out a purchase and sale transaction, the following types of crypt are used in the following percentage ratio:
- Bitcoin — 60%;
- USDT/USDC — 20%;
- Ethereum — 10%.
Money exchange
As soon as the funds fall into the account, agency staff will convert the transferred virtual currency units into fiat money in accordance with the market price. The date of the procedure and the exchange rate are agreed upon with the buyer in advance.
Receipt of real money by the seller and re-registration of TAPU
After all financial transactions have been completed and the seller has received the agreed amount for the object, the procedure for issuing a certificate of ownership for the new owner begins. On the appointed day, both parties to the transaction, together with a translator and a representative of the real estate company, meet at the Cadastral Chamber, where the signing of the main documents and the re-registration of TAPU takes place. After receiving a Turkish title, you become the full owner of Turkish real estate.
Pros and cons of buying real estate in Turkey with crypto
Buying a home in Turkey with cryptocurrency has a number of advantages and features.
Advantages:
- Protection of funds from devaluation if the financial market collapses. Over the years, real estate has remained one of the most reliable assets. At the same time, the rate of tokens does not depend on political and financial crises in countries and is not tied to fluctuations in world currencies.
- Simplicity and speed of operation. A purchase and sale transaction does not imply the transfer of funds from one bank to another, which means the procedure goes very quickly. In addition, when purchasing Turkish apartments for crypto, the buyer will need fewer documents than in a regular transaction.
- The ability to easily withdraw the required amount abroad. Electronic money — a decentralized currency, that is, it is not controlled by anyone. Therefore, owners of virtual wallets can credit and transfer any amount necessary to purchase property abroad, in contrast to customs restrictions when crossing the border with cash or bureaucratic delays when transferring funds through a bank.
- High confidentiality. The parties to the transaction remain hidden from banking institutions and government control authorities, since the cryptocurrency market is completely independent.
- Cost minimization. The interest rate for the transfer and conversion of funds is minimal compared to traditional SWIFT transfers.
Disadvantages of purchasing real estate in Turkey with crypto:
- High volatility. Investors should also take into account the fact that the exchange rate of Bitcoin and other cryptocurrencies, despite the rapid growth in popularity, is quite unstable. It is important to approach the purchase procedure wisely so as not to pay more for an apartment than you planned.
- Search for a seller. Not all private sellers are yet ready to sell their property for tokens. Nevertheless, more and more real estate agencies provide their services to everyone who wants to buy apartments for cryptocurrency, and the number of such companies is increasing.
If you want to purchase an apartment in Turkey for electronic money, contact the Point Property agency. We follow all modern trends in the world market and give our clients the opportunity to use electronic money to purchase Turkish property.
Tosmur district, 2+1 apartment of 110 m² in a complex built in 2010, furnished, with 2 bathrooms and 2 balconies, located 1000 m from the sea and 350 m from the center of the district, suitable for obtaining a residence permit and has a sea view.
2+1
110 m²
10864
Tosmur district - open for residence permit, 2+1 apartment with an area of 110 m² in a complex built in 2009, furnished, with 2 bathrooms and 2 balconies, located 850 m from the sea and 600 m from the center of the district.
2+1
110 m²
10863
Mahmutlar district, 1+1 apartment of 65 m² in a complex built in 2022, furnished, with 1 bathroom and 1 balcony, located 650 m from the sea and 250 m from the center of the district, in a complex with developed infrastructure.
1+1
65 m²
10862
Güllerpınarı district, 2+1 apartment of 100 m² with a separate kitchen, in a complex with the possibility of obtaining a residence permit, unfurnished, with 2 equipped bathrooms and 1 balcony, located 250 m from the sea and 50 m from the center of the district.
2+1
100 m²
10861
Oba district on the border with the center of Alanya, 2+1 apartment of 85 m², unfurnished, with 1 bathroom and an enlarged balcony space, located 300 m from the sea and 150 m from the center.
2+1
85 m²
10860
Mahmutlar district, 1+1 apartment of 65 m² in a complex built in 2016, furnished, located 450 m from the sea and 300 m from the center of the district, with a view of the surrounding area and infrastructure.
1+1
65 m²
10859
Mahmutlar district, 1+1 apartment of 55 m² in a complex built in 2022, furnished, located 650 m from the sea and 250 m from the center of the district, with views of the surrounding area and partly the sea.
1+1
55 m²
10858
Kestel district, 3+1 apartment of 175 m² in a complex built in 2017, furnished, first line - 0 m to the sea and 100 m to the center of the district, with a direct sea view and the possibility of obtaining a residence permit.
3+1
175 m²
10857
Kargicak district, 1+1 apartment of 60 m² in a complex built in 2010, furnished, 1 bathroom with bathtub, 1 balcony with sea and mountain views, 2500 m to the sea and 2000 m to the center of the district, suitable for rent and living.
1+1
60 m²
10856
Avsallar district, 1+1 apartment of 52 m² in a complex built in 2023, with a kitchen set, 1 bathroom and 1 balcony with a view of the surrounding area, 1500 m to the sea and 1000 m to the center of the district.
1+1
52 m²
10855
Kestel district, 1+1 apartment of 58 m² in a complex built in 2022, unfurnished, located 350 m from the sea and 100 m from the center of the district, with a view of the pool and the surrounding area.
1+1
58 m²
10854
Mahmutlar district, 1+1 apartment of 60 m² in a complex built in 2010, furnished, located 250 m from the sea and 100 m from the center of the district.
1+1
60 m²
10853
Mahmutlar district, 1+1 apartment with an area of 68 m² in a complex built in 2020, fully furnished, located 100 m from the sea and 300 m from the center of the district.
1+1
68 m²
10852
Mahmutlar district, 1+1 apartment of 50 m² in a complex built in 2024, furnished, located 700 m from the sea and 300 m from the center of the district.
1+1
50 m²
10851
Tosmur district, 2+1 apartment, 110 m² in a complex built in 2013, furnished, located 300 m from the sea and 100 m from the center of the district, with a view of the surrounding area and partly the sea.
2+1
110 m²
10850
Mahmutlar district, duplex 2+1 with an area of 110 m² in a complex built in 2024, furnished, located 400 m from the sea and 200 m from the center of the area.
2+1, Duplex, Penthouse
110 m²
10849
Mahmutlar district, 2+1 apartment of 120 m² in a complex built in 2007, furnished, located 50 m from the sea and 100 m from the center of the district, with a view of the pool and partial sea view.
2+1
120 m²
10848
Mahmutlar district, 1+1 apartment of 50 m² in a complex built in 2022, furnished, located 1500 m from the sea and 1200 m from the center of the district, with a transfer to the beach and mountain views.
1+1
50 m²
10847
Oba district, 2+1 apartment of 80 m² unfurnished, located 2500 m from the sea and 100 m from the center of the district, with a view of the mountains and surrounding area.
2+1
80 m²
10846
Oba district, 1+1 apartment of 60 m² in a complex built in 2024, furnished, located 3000 m from the sea and 1000 m from the center of the district.
1+1
60 m²
10845
These materials have been prepared for informational purposes and are not of a commercial nature.
Point Property — is a certified real estate agency that specializes in providing a full range of real estate services for residential and commercial real estate transactions in Turkey. Our company takes care of all the organizational aspects of a real estate transaction: searching for an object, organizing a sightseeing tour, assistance in collecting documents and checking the legal purity of documentation, support in re-registration of ownership. In addition, we provide our customers with a wide range of after-sales services.
