Real estate exchanges in Portugal are gaining traction in Portugal

Cryptocurrencies have entered the real estate market. Zome was the first European agency to broker the sale of a bitcoins home, the world’s most popular digital currency, ushering in a new cycle in the real estate business. João Batista da Silva, president of Ordem dos Notarios (ON), has informed Dinheiro Vivo that three more transactions are already planned for next week. And more are expected. Investor interest in acquiring real estate with digital assets began in 2019, the pandemic subsided, but has now gained momentum. Most of the interested parties are foreigners, although the first transaction – a T3 apartment in Bragan – was carried out by two Portuguese. Contributing to this demand is that Portugal is considered a cryptocurrency paradise for investors, as so far the profits of these virtual currencies have not been taxed.

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