Property Sales in Turkey Have Been Boosted by Bitcoin Halving

The Bitcoin Halving has boosted property sales in cryptocurrencies, and specifically in Bitcoin, according to a press release from Antalya Homes.

Speaking on the matter is Bayram Tekce, the Chairman of the group, who had said:

“With the effect of the increase in Bitcoin value after halving, investors made capitalization sales that are reflected as an increase in property sales.”

Antalya Homes is one of the top real estate companies in all of Turkey, and part of the Bitcoin spend increase is due to the increased value of Bitcoin due to the halving.

“In the sale of a villa in Antalya, we recorded visuals of the house with a drone and did an online viewing tour with the customer,” Tekce added. “Then, we brought the buyer and the seller together on an online meeting and finalized the negotiations. Antalya Homes brokered the payments with Bitcoin. This sale, worth of 1 million 250 thousand dollars, was the highest valued property sales ever made by Bitcoin in Turkey.

This is also partly due to the COVID pandemic, as digital payments are really the way to go as it prevents the spread and fear of such an issue.

Remember, all trading carries risk. Past performance is no guarantee of future results.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.