Bitcoins hit the real estate market in Mallorca

By Moris Beracha.- A resident at the Spanish island has put up for sale a house on the coast using bitcoins. According to the seller, the house is bright, furnished, with a terrace and a classic decoration, but it can be purchased for about 400,000 euros or in a type of currency that has been in everyone’s lips for the past few months: the Bitcoin.

This payment method is a pioneer in Mallorca, although it is not new in Spain. In early January, the first house was sold in Tarragona for about 40 bitcoins. Although its supporters praise the transaction as an example of “economy among equals”, it is also criticized for its excessive volatility.

The media success of the sale in Tarragona caught the attention of Joan, a Mallorcan citizen with a house for sale in Can Picafort. “My coworkers and I have talked about bitcoins, and we have been receiving information about its operation for a few months,” said the seller.

The owner said that he wants “to sell the house and do it legally.” In the end, there is a recurrent idea: do not use bitcoin to evade taxes or anything like that.

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