Rising Trend in Real Estate Investment Using Crypto Assets Across Europe

Uk Jin

Summary

Reports said the number of high-net-worth individuals in Europe buying real estate using crypto assets (cryptocurrencies) is rapidly increasing.
Crypto payment app Brighty was reported to have brokered more than 100 residential property transactions over the past year in major European countries such as the U.K. and France, with deal sizes ranging from a minimum of $500,000 to a maximum of $2.5 million.
A Brighty co-founder was reported to have said that 100 to 150 clients are using euro-pegged stablecoins, with an average monthly volume of about $50,000, and that a major motivation appears to be diversifying crypto assets into real-world assets such as purchasing apartments in Europe.

Forecast Trend Report by Period

Reports say the number of high-net-worth individuals in Europe purchasing real estate using crypto assets (cryptocurrencies) is rapidly increasing.

According to CoinDesk, a crypto-focused outlet, crypto payment app Brighty recently brokered more than 100 real estate transactions over the past year. The deals primarily involved residential properties in major European countries including the U.K., France, Malta, Cyprus and Andorra, with transaction sizes ranging from a minimum of $500,000 to a maximum of $2.5 million.

Affluent clients were said to mainly use euro-pegged stablecoins rather than dollar-pegged stablecoins.

Nikolai Denisenko, co-founder of Brighty, said, “Currently, 100 to 150 clients are actively using crypto assets, and the number is growing quickly,” adding, “Their average monthly transaction volume is about $50,000, and the largest use case is purchasing apartments in Europe.” He added that “a major motivation appears to be diversifying crypto assets into real-world assets.”