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.
This 3+1 duplex apartment, measuring 160 sq m, is located on the ninth and tenth floors of a building built in 2023 in the Mahmutlar district. The layout includes a living room, three bedrooms, three bathrooms, and two balconies. The apartment is delivered unfurnished and is suitable for citizenship applications. The distance to the sea is 450 m, and to the city center is 100 m.
3+1, Duplex
160 m²
11088
This 1+1 apartment, 52 m², in the Mahmutlar district is located on the second floor of a building built in 2024 and is delivered unfurnished. It features one bedroom, a living room, one bathroom, and a balcony. The distance to the sea is 800 m, and to the city center is 650 m.
1+1
52 m²
11087
This furnished 1+1 apartment, measuring 48 m², is located on the fifth floor of a building built in 2014 in central Alanya, near Cleopatra Beach. It features a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 700 m, and to the city center is 150 m. The property is eligible for a residence permit.
1+1
48 m²
11086
This 1+1 apartment, 58 sq m, in Nizhnyaya Oba, Obagel, is located on the third floor of a building built in 2016 and is delivered furnished. The layout includes a living room, one bedroom, one bathroom, and one glassed-in balcony. The distance to the sea is 150 m, and to the city center is 100 m.
1+1
58 m²
11085
This 70 sq m 1+1 apartment in Mahmutlar is located on the third floor of a building built in 2015 and is delivered furnished. The apartment has one bathroom and two balconies. The distance to the sea is 600 m, and to the city center is 300 m.
1+1
70 m²
11084
This 1+1 apartment, measuring 52 m², is located on the second floor of a building built in 2010 in the Güllerpınarı district, in central Alanya. The apartment is delivered furnished and is suitable for a residence permit. The layout includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 200 m, and to the city center is 100 m.
1+1
52 m²
11083
This 2+1 garden duplex apartment, measuring 100 m², in the Avsallar neighborhood occupies the first and second floors of a building built in 2024 and is being delivered unfurnished. The layout includes a living room, two bedrooms, two bathrooms, and two balconies. The distance to the sea is 1,000 m, and to the city center is 850 m.
2+1, Duplex
100 m²
11082
This furnished 2+1 duplex apartment, measuring 110 m², is located on the ninth floor of a ten-story building in the Mahmutlar district. The building was built in 2021. The two-level apartment features two bedrooms, a living room, two bathrooms, and two balconies. The distance to the sea is 550 m, and to the city center is 350 m.
2+1, Duplex
110 m²
11081
This 40 sq m one-bedroom apartment in the Kestel district of Alanya is being delivered furnished. It is located on the ground floor of a building built in 2015, 450 meters from the sea and 100 meters from the city center. The apartment has one bedroom, a living room, one bathroom, and one balcony.
1+1
40 m²
11080
This 2+1 duplex apartment in Verkhnyaya Oba is 112 m² and is located on the fourth floor of a five-story building built in 2023. The apartment is delivered with new luxury furniture. The two-level layout includes a living room, two bedrooms, two bathrooms, and two balconies. The distance to the sea is 1,500 m, and to the city center is 1,000 m.
2+1, Duplex
112 m²
11079
This three-story, 6+2-bedroom villa, 300 m² in the Oba district of Alanya, is being delivered furnished. The house has five bathrooms and six balconies, and on the 800 m² plot, there is an additional one-bedroom cottage for guests or a helper. Built in 2024, the villa occupies the first, second, and third floors. It is 200 m from the sea and 100 m from the city center. The property is suitable for residency and citizenship applications.
1+0, 6+2
300 m²
11078
This 3+1 duplex apartment, measuring 135 sq m, is located on the fourth and fifth floors of a building built in 2010 in Nizhnyaya Oba, Alanya. The apartment is delivered furnished. The layout includes three bedrooms, a living room, two bathrooms, two balconies, and a terrace. The sea is 200 m away, and the city center is 100 m away.
3+1, Duplex
135 m²
11077
This 1+1 apartment, 55 m², in the Mahmutlar district is located on the eighth floor of a building built in 2023 and is being delivered unfurnished. The layout includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 800 m, and to the city center is 500 m.
1+1
55 m²
11076
This furnished 4+1 duplex apartment, measuring 196 m², is located on the ninth floor of a ten-story building built in 2010 in the central Alanya district of Cumhuriyet. The two-level layout includes four bedrooms, a living room, three bathrooms, a balcony, and a terrace. The distance to the sea is 150 m, and to the city center is 50 m.
4+1, Duplex
196 m²
11075
This 70 sq m one-bedroom apartment in Mahmutlar is located on the fourth floor of a building built in 2018. It is 500 m from the sea and 250 m from the city center. The apartment is delivered furnished and features a living room, one bedroom, one bathroom, and one balcony.
1+1
70 m²
11074
This furnished 1+1 apartment, 50 m², is located on the seventh floor of a building built in 2021 in the Mahmutlar district. The layout includes a bedroom, a living room, one bathroom, and a balcony. The distance to the sea is 500 m, and to the city center is 250 m.
1+1
50 m²
11073
This unfurnished 50 sq m one-bedroom apartment is located in the Avsallar district of Alanya. It is on the first floor, which is the same height as the second floor, in a building built in 2024. The apartment has one bedroom, a living room, one bathroom, and one balcony. The distance to the sea is 850 m, and the district center is 200 m.
1+1
50 m²
11072
This 60 m², 1+1 apartment is located on the second floor of a 2016 building in the Cikcilli district and is suitable for residence permits. The apartment is delivered furnished and includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 650 m, and to the city center is 250 m.
1+1
60 m²
11071
This 50 m² one-bedroom apartment with sea views is located in the Mahmutlar district of Alanya, on the eighth floor of a building built in 2024. The apartment features a bedroom, a living room, one bathroom, and a balcony. It is sold unfurnished and features an individual heating system. The distance to the sea is 450 m, and to the city center is 200 m.
1+1
50 m²
11070
This 85 sq m two-bedroom apartment in the Kestel district is furnished and suitable for a residence permit. It is located on the first floor, essentially at the second floor, in a building built in 2019. The apartment has two bedrooms, a living room, one bathroom, and one balcony. The distance to the sea is 500 m, and to the city center is 250 m.
2+1
85 m²
11069
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.
This 3+1 duplex apartment, measuring 160 sq m, is located on the ninth and tenth floors of a building built in 2023 in the Mahmutlar district. The layout includes a living room, three bedrooms, three bathrooms, and two balconies. The apartment is delivered unfurnished and is suitable for citizenship applications. The distance to the sea is 450 m, and to the city center is 100 m.
3+1, Duplex
160 m²
11088
This 1+1 apartment, 52 m², in the Mahmutlar district is located on the second floor of a building built in 2024 and is delivered unfurnished. It features one bedroom, a living room, one bathroom, and a balcony. The distance to the sea is 800 m, and to the city center is 650 m.
1+1
52 m²
11087
This furnished 1+1 apartment, measuring 48 m², is located on the fifth floor of a building built in 2014 in central Alanya, near Cleopatra Beach. It features a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 700 m, and to the city center is 150 m. The property is eligible for a residence permit.
1+1
48 m²
11086
This 1+1 apartment, 58 sq m, in Nizhnyaya Oba, Obagel, is located on the third floor of a building built in 2016 and is delivered furnished. The layout includes a living room, one bedroom, one bathroom, and one glassed-in balcony. The distance to the sea is 150 m, and to the city center is 100 m.
1+1
58 m²
11085
This 70 sq m 1+1 apartment in Mahmutlar is located on the third floor of a building built in 2015 and is delivered furnished. The apartment has one bathroom and two balconies. The distance to the sea is 600 m, and to the city center is 300 m.
1+1
70 m²
11084
This 1+1 apartment, measuring 52 m², is located on the second floor of a building built in 2010 in the Güllerpınarı district, in central Alanya. The apartment is delivered furnished and is suitable for a residence permit. The layout includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 200 m, and to the city center is 100 m.
1+1
52 m²
11083
This 2+1 garden duplex apartment, measuring 100 m², in the Avsallar neighborhood occupies the first and second floors of a building built in 2024 and is being delivered unfurnished. The layout includes a living room, two bedrooms, two bathrooms, and two balconies. The distance to the sea is 1,000 m, and to the city center is 850 m.
2+1, Duplex
100 m²
11082
This furnished 2+1 duplex apartment, measuring 110 m², is located on the ninth floor of a ten-story building in the Mahmutlar district. The building was built in 2021. The two-level apartment features two bedrooms, a living room, two bathrooms, and two balconies. The distance to the sea is 550 m, and to the city center is 350 m.
2+1, Duplex
110 m²
11081
This 40 sq m one-bedroom apartment in the Kestel district of Alanya is being delivered furnished. It is located on the ground floor of a building built in 2015, 450 meters from the sea and 100 meters from the city center. The apartment has one bedroom, a living room, one bathroom, and one balcony.
1+1
40 m²
11080
This 2+1 duplex apartment in Verkhnyaya Oba is 112 m² and is located on the fourth floor of a five-story building built in 2023. The apartment is delivered with new luxury furniture. The two-level layout includes a living room, two bedrooms, two bathrooms, and two balconies. The distance to the sea is 1,500 m, and to the city center is 1,000 m.
2+1, Duplex
112 m²
11079
This three-story, 6+2-bedroom villa, 300 m² in the Oba district of Alanya, is being delivered furnished. The house has five bathrooms and six balconies, and on the 800 m² plot, there is an additional one-bedroom cottage for guests or a helper. Built in 2024, the villa occupies the first, second, and third floors. It is 200 m from the sea and 100 m from the city center. The property is suitable for residency and citizenship applications.
1+0, 6+2
300 m²
11078
This 3+1 duplex apartment, measuring 135 sq m, is located on the fourth and fifth floors of a building built in 2010 in Nizhnyaya Oba, Alanya. The apartment is delivered furnished. The layout includes three bedrooms, a living room, two bathrooms, two balconies, and a terrace. The sea is 200 m away, and the city center is 100 m away.
3+1, Duplex
135 m²
11077
This 1+1 apartment, 55 m², in the Mahmutlar district is located on the eighth floor of a building built in 2023 and is being delivered unfurnished. The layout includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 800 m, and to the city center is 500 m.
1+1
55 m²
11076
This furnished 4+1 duplex apartment, measuring 196 m², is located on the ninth floor of a ten-story building built in 2010 in the central Alanya district of Cumhuriyet. The two-level layout includes four bedrooms, a living room, three bathrooms, a balcony, and a terrace. The distance to the sea is 150 m, and to the city center is 50 m.
4+1, Duplex
196 m²
11075
This 70 sq m one-bedroom apartment in Mahmutlar is located on the fourth floor of a building built in 2018. It is 500 m from the sea and 250 m from the city center. The apartment is delivered furnished and features a living room, one bedroom, one bathroom, and one balcony.
1+1
70 m²
11074
This furnished 1+1 apartment, 50 m², is located on the seventh floor of a building built in 2021 in the Mahmutlar district. The layout includes a bedroom, a living room, one bathroom, and a balcony. The distance to the sea is 500 m, and to the city center is 250 m.
1+1
50 m²
11073
This unfurnished 50 sq m one-bedroom apartment is located in the Avsallar district of Alanya. It is on the first floor, which is the same height as the second floor, in a building built in 2024. The apartment has one bedroom, a living room, one bathroom, and one balcony. The distance to the sea is 850 m, and the district center is 200 m.
1+1
50 m²
11072
This 60 m², 1+1 apartment is located on the second floor of a 2016 building in the Cikcilli district and is suitable for residence permits. The apartment is delivered furnished and includes a living room, one bedroom, one bathroom, and one balcony. The distance to the sea is 650 m, and to the city center is 250 m.
1+1
60 m²
11071
This 50 m² one-bedroom apartment with sea views is located in the Mahmutlar district of Alanya, on the eighth floor of a building built in 2024. The apartment features a bedroom, a living room, one bathroom, and a balcony. It is sold unfurnished and features an individual heating system. The distance to the sea is 450 m, and to the city center is 200 m.
1+1
50 m²
11070
This 85 sq m two-bedroom apartment in the Kestel district is furnished and suitable for a residence permit. It is located on the first floor, essentially at the second floor, in a building built in 2019. The apartment has two bedrooms, a living room, one bathroom, and one balcony. The distance to the sea is 500 m, and to the city center is 250 m.
2+1
85 m²
11069
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.
