Property investments are booming in Spain and Europe as investors abandon riskier investment avenues in favor of safer options. According to real estate sources, interest in these instruments has increased by 400% since November, with people buying homes without even setting foot in them. Some even use crypto as a payment method.

Real Estate in, Crypto and Stocks in Spain

The real estate market has been growing since last year in Spain and Europe, due to rising inflation and war costs, which has changed the expectations some had of an economic recovery. According to Numbers According to Europa Press, interest in the real estate market has increased by 400% since November, with many investors rushing to buy properties without even seeing them.

Some investors have even taken funds from other investments considered riskier, such as stocks and cryptocurrencies, to take refuge in the real estate market. Rebeca Pérez, founder and CEO of Inviertis, a company that allows users to invest in rental properties in Spain, gave her opinion on what is happening in the real estate market. She said:

[Investors] withdraw everything they had on the stock market and invest in real estate to preserve their assets, a situation that has worsened since the Russian military invasion of Ukraine.

Crypto investments re-evaluated

Pérez believes that crypto and equity investors value real estate properties as a more stable investment that offers less fluctuation than stock or crypto markets, and also gives them the ability to easily enter and exit the market due to the strong demand.

This high interest has also caused some crypto investors to buy properties directly with cryptocurrencies, without having to exchange them for fiat currency using banks. This may be quite attractive for some investors, according to Perez. She explained:

You turn a risky investment into a conservative one, and if you were lucky enough to enter the crypto world in, say, 2012, you could buy a house for $200 back then.

However, there are still hurdles that need to be simplified when doing this type of transaction with cryptocurrencies. These include calculating taxes associated with buying and pricing bitcoin or another cryptocurrency due to their volatility.

These transactions are much more common in Latam, where several properties have already been sold for crypto, and there is a more general acceptance of assets as methods of payment.

What do you think of the real estate boom and its relation to crypto in Spain? Tell us in the comments section below.'

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, entering the cryptosphere when the price surge happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

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