Coronavirus has changed the outlook of every industry and caused every business to shift online. The so-called currency of internet is also one step ahead as more and more physical business sectors are accepting it as a medium of payment. A prominent real estate firm starts taking Bitcoin as a payment.

According to news release on June 15, Antalya Homes Real Estate, respects the high potential of Bitcoin and reveals a high worth real state deal which takes place using the cryptocurrency. Anyone in the Turkey can purchase the real estate via Bitcoin.

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After mid-March when BTC value tumbled down and lost half of its value. After halving, the top digital asset geared up and initiated a bull run taking price to above $10,000. Currently, it is hovering around $9,500. Bayram Tekce, Chairman of Antalya Homes, shared his views on BTC price increase after halving by saying, “With the effect of the increase in Bitcoin value after halving, investors made capitalization sales that are reflected as an increase in property sales.”

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Digitization of Real Estate Industry

The innovation in the real estate industry has began as Antalya Homes has settled many deals so far after joining both buyer and seller in an online meeting for negotiation. For example, Tekce quoted an example where Bitcoin is used as a payment to settle the real estate negotiation:

“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. 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.”

Chairman of Antalya Homes said it is necessary to align up with changing situations in order to move with the flow. “The Covid-19 pandemic is changing the whole life and way of doing business. It is important to keep up with the changing dynamics. Having the innovation as a corporate value, we continue to be the pioneer in the field of PropTech,” he added.

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