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£17million west London mansion goes on sale - but sellers will only accept Bitcoin as payment
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Why list now? Testimonials Member support Member area sign-in. Not everyone is convinced that Bitcoin is a suitable currency option for them.
London developer to allow rental tenants to pay deposits in bitcoin | Property | The Guardian
While there is a high level of security attached to this currency option, some people believe that the security and anonymity associated to Bitcoin attracts the wrong sort of clientele. It would be wrong to say that this is the case for many or most of the users but clearly there is a need for each individual to determine whether they are comfortable with this cryptocurrency or not. However, there is no doubt that this currency is an issue that is becoming relevant in modern society and it is likely to have an impact on the UK and London property market.
If you want to make sure that you stay in touch with the latest property market news and developments, stay in touch with Regent Property and we are more than happy to help. Coventry Building Society, Skipton and the Yorkshire Building Society have all announced that they will accept money deposits that has come from Bitcoin earnings.
However, Santander, Nationwide and Aldermore will not accept deposits that have come from Bitcoin. If you have the opportunity to buy a house with Bitcoin but unsure whether to go ahead with it, then you'll want to find out the benefits.
Bitcoin can be used to buy property
Buying a house using Bitcoin comes with many advantages and we've listed the main points below. There's an obvious risk when buying a house with Bitcoin due to its ever changing value.
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We've compiled some disadvantages to make you aware of the risks. Although the use of Bitcoin and other cryptocurrencies has many sceptics, many people believe that this is just the beginning. On the future of using Bitcoin in the property market, Go Homes director Ed Casson says how although early adopters have used Bitcoins within the traditional property system, he predicts the blockchain may change the system completely.
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However, the future of investing in Bitcoin is uncertain. If Bitcoin was to become a real, every day and widely accepted currency, it would need a stable and reliable set value otherwise it would be impossible to set prices for every day items. Whether or not you'll be buying a house with Bitcoin, you'll want to make moving house as stress free as you can.