In Which Countries Can You Buy Real Estate with Crypto Сurrency?

Cryptocurrencies are increasingly used for high-value purchases, including real estate. While buying property with crypto is possible in several countries, each has its own legal and tax framework. Below is a detailed overview of where and how you can legally buy property using cryptocurrency, including specific conditions for each country.

Portugal

Portugal is one of the most crypto-friendly countries in Europe.

• Status: Real estate purchases with crypto are legal and recognized as barter transactions.
• Requirements: Full KYC verification, wallet traceability, and notarized contracts are mandatory.
• Taxes: Capital gains tax applies to crypto held for less than one year (28%).
• Note: Not all notaries are familiar with crypto transactions, so legal assistance is recommended.

United Arab Emirates (Dubai)

Dubai is a leading global hub for crypto adoption.

• Status: Crypto cannot be used directly for official property registration, but developers accept it via licensed intermediaries.
• Requirements: The intermediary converts crypto to AED; AML/KYC compliance is required.
• Note: Many major developers support crypto-friendly transactions.

Georgia

Georgia offers a simple and low-tax environment for crypto investors.

• Status: Direct crypto deals are rare but possible via private agreements or fiat conversion.
• Requirements: Crypto is usually converted to GEL before completing the purchase.
• Taxes: No capital gains tax on crypto held by individuals (if not used in business activity).

Thailand

Thailand's developers have started embracing cryptocurrency payments.

• Status: Some developers accept crypto, usually via local exchange partners.
• Requirements: Foreign buyers must prove that funds entered the country in fiat currency to register ownership.
• Note: Foreigners can only own up to 49% of a condominium building.

Malta

Malta is known for its robust blockchain and crypto legislation.

• Status: Crypto real estate transactions are allowed.
• Requirements: Deals must go through licensed real estate agents; all taxes are paid in euros.
• Note: Compliance with EU anti-money laundering laws is essential.

Cyprus

Cyprus has a growing market for crypto-based property purchases.

• Status: Some developers and private sellers accept cryptocurrency directly.
• Requirements: Legal documentation and AML/KYC compliance are required. Taxes must be paid in euros.
• Note: Crypto is commonly used for luxury property purchases.

Gibraltar

Gibraltar has created a regulated environment for digital asset transactions.

• Status: Property can be purchased with crypto through legal channels.
• Requirements: KYC, source of funds verification, and escrow services are typically required.
• Taxes: No capital gains or inheritance taxes.

Turkey

Turkey is seeing a rise in crypto-based real estate sales due to inflation and currency devaluation.

• Status: Crypto is usually converted to Turkish lira via intermediaries before completing the transaction.
• Citizenship: Real estate purchases of $250,000+ may qualify foreign buyers for Turkish citizenship.

Croatia

Cryptocurrency adoption is increasing in Croatia’s real estate market.

• Status: Direct crypto deals are not officially recognized; conversion to kuna is typically required.
• Taxes: Capital gains tax may apply when crypto is converted to fiat.

El Salvador

El Salvador was the first country to adopt Bitcoin as legal tender.

• Status: Property can be purchased directly using Bitcoin.
• Requirements: Contracts and taxes are typically handled in USD, even if payment is made in BTC.
• Note: Market infrastructure is still developing; use experienced legal support.

Conclusion

Buying real estate with cryptocurrency is possible in several countries, each with unique legal and tax requirements. Some allow direct crypto transactions, while others require conversion to fiat. Always work with qualified professionals and ensure full compliance with local laws to protect your investment and avoid legal issues.