Bennecke Certified as a Crypto-Friendly Estate Agency

Spain currently leads the world’s cryptocurrency property market

 

Cryptocurrencies are becoming an increasingly popular way of paying for a property in Spain. In fact, Spain is the world leader when it comes to the number of property sales completed using cryptocurrencies and currently offers more homes available to be acquired in this way than any other country in the world, ahead of Thailand and Portugal in second and third place.

In most countries, the crypto market is currently benefitting from a progressive tax and legal framework, and a new broader regulation is about to be introduced that will cover all countries within the European Union. As a result, companies across various sectors are constantly adapting their sales policies, offering consumers alternative forms of payment to buy their products, in this case, using a financial asset very similar to traditional currency. In Spain, this trend began in 2018 when the first property sale using cryptocurrency was successfully completed in the province of Tarragona.

For this reason, Bennecke Real Estate is certified as a crypto-friendly estate agency, offering advice and services for property purchases using cryptocurrencies. With this accreditation, we are able to guarantee compliance with the established protocols, including the need for transparency regarding the origin of the cryptocurrency, ensure that the payment process is secure, using platforms authorised by the Bank of Spain, and perform specific tasks that allow the seller to legally close the sale and receive their payment in euros, before a notary, within just 20 days.

If you would like more information, don’t hesitate to contact us and we will be happy to help.