although Russia Ukraine Although the hot conflicts between the two countries have contributed negatively to macroeconomic instability and rising inflation rates, the data obtained from the Spanish real estate market, SpainIt shows that . is a safe haven for investors. Thus real estate marketinterest in 400% increase has saved.
Real estate, which has become an increasingly attractive investment opportunity, continues to increase its investors day by day. So much so that many investors are looking to move funds from potentially riskier investments, such as stocks and cryptocurrencies, to head into this area.
Rebeca Pérez, CEO and founder of real estate giant Inviertis, said:
Investors are withdrawing everything they own in the stock market and investing in real estate to protect their assets. This situation has worsened since Russia’s military invasion of Ukraine.
Vicenç Hernández Reche, on the other hand, adviser to Inviertis and executive director of Tecnotramit, the mortgage management and formalization arm, said: The use of cryptocurrencies in the real estate industry is still at a very early stage. admitted it was.
Reche also
… As the use and adoption of crypto by financial institutions, notaries, and property registrars increases, we may see their widespread use.
said.
Executive Director Reche stated that apart from all its advantages, there are administrative problems with the use of Bitcoin.
First of all, he stated that there are administrative problems such as how to determine the price of Bitcoin, how to make the transaction, and how to properly inform the notary. However, on the other hand, the latest developments in the USA are important in terms of demonstrating that the procedures on this issue can be overcome. To recall, Justin Bieber’s manager sold a mansion for $18.5 million in Bitcoin two months ago.
New York-based real estate brokerage firm Algocap Real Estate announced last year that it will begin accepting cryptocurrencies such as Bitcoin, Dogecoin and Ethereum for real estate transactions.