Anyone who has watched the Netflix reality series The Parisian Agency, exclusive properties season 3 will immediately noticed that in episode 3 a young French man of 23 years old wants to invest his cryptocurrency in real estate. Jamie contacts the luxury real estate agency Kretz & Partners for this. The famous real estate Kretz family has never had such a request. They are breaking new ground when it comes to finding a vendor that accepts crypto as currency.
“Valentin Kretz later said: We knew nothing about it. We inquired, called the notaries and it happened automatically. It's scary because it's cryptocurrency and it seems completely virtual, but in the end it's a pretty simple sale.”
It is special to see that such a young guy like Jamie, without batting an eyelid, says that he has a budget of 4 million. It's all kept secret how he became so successful but the bottom line is that he got interested in crypto in his teens and so apparently has been successful :-)
[SPOILER ALERT] Not the experienced older brothers of the Kretz family find a seller who accepts crypto as currency, no, the youngest brother (Raphaël) who just started as an intern within the family business knows his way around crypto and finds a potential apartment for Jamie. The selling party is a man from Belgium who is in the financial sector. He is familiar with crypto, which indicates that many people in the banking sector also see the potential of crypto.
Buying real estate with crypto assets is a growing and certainly not a temporary trend.
Of course everyone wonders how can someone become so successful with investing in crypto? Whats his secret? If I only knew that :-) anyway I don't want to talk about investment strategies. What I want to point out is that thanks to crypto, Jamie doesn't need a bank to get his investment done. The only thing to purchase real estate he needs to hand over legal documents and arranging a notary. He can buy an apartment without (his own money or a loan) involvement from the bank. The vendor as well as the buyer are not dependent of a bank. In addition, he saves on the usual costs. See now that's interesting.
Being independent and managing your assets yourself is one of the pillars that we stand for here at
The Collective.
Buying real estate with crypto is not legally possible in every country.
For those who (know) crypto is still a far-from-my-bed show, you may be surprised that buying real estate with crypto is becoming more and more common worldwide. It differs per country whether it is legally possible. Especially in countries with a lot of crime, an unstable national currency or high inflation, the popularity is skyrocketing. Blockchain technology disrupted the real world assets market, making it more accessible, efficient, transparent, and secure than ever before. It enables decentralized peer-to-peer transactions providing benefits ranging from independence in asset management to easier accessibility for individuals residing in remote areas lacking formal banking options. With increased adoption of blockchain, more players within the industry emerge, which should further promote the development of these platforms.
Real world assets like real estate, art, and commodities can now be tokenized using smart contracts, allowing for fractional ownership, easy transferability, transparency, and security. Tokenizing these assets also allows for their inclusion in decentralized financial markets such as DeFi, where borrowers and investors can participate without needing to go through traditional gatekeepers like banks or brokers.
This means that individuals and institutions alike can access and benefit from the value stored within these real world assets, while enjoying the benefits of decentralization, respect for privacy, and reduced government control.
In terms of trends, some notable ones include:
Do you intend to buy real estate with your crypto assets in the future? Did you get inspired? The world will look so different financially in 10 years. Embracing digital currencies will prepare you for the new way of doing business.
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