Colombia’s real estate platform now allows users to buy properties using Bitcoin. The platform, called La Haus, is promoting bitcoin payments for a new real estate project in Santa Marta, called Natura City. This is an expansion of the platform, which has already established such a service in Mexico.
The Haus Allow Colombian Citizens to Buy Real Estate With Bitcoin
Colombian real estate platform, La Haus, is enabling bitcoin investors buy real estate with the cryptocurrency directly. To kick-start this initiative in the country, the platform is presenting a new housing project in an exclusive part of Santa Marta, called. Natural City. The site is less than 200 meters from the Colombian beaches and construction of the complex is estimated for completion by 2025.
The Haus has partnered with an OpenNode payment processor for this task and allows users to pay for the properties via Lightning Network or on-line, depending on the needs of the buyer. The buyer can pay 100% in bitcoin, or simply pay part of the total in BTC, paying the remaining amount by traditional avenues. Each apartment is valued at about 2.19 bitcoin or 400 million Colombian Pesos.
Expanding From Mexico
This is not the first time that La Haus has dealt with cryptocurrencies in the sector. Earlier this year, in November, the company started accepting bitcoin payments for housing development on Playa del Carmen, Mexico. At the time, La Haus stated that its intent was to extend this payment option to all features listed on its platform.
On the development of acceptance of bitcoin payments, La Haus president and co-founder Rodrigo Sanchez-Rios, stated:
We think that Bitcoin will be the reserve currency of the future. At our core, we are a technology company. It is natural for us to be pioneers with this technology.
However, the issue of bitcoin as a payment method for real estate can be complex due to regulations. In the United States, bitcoin can be considered property, so that any income or loss resulting from the sale of the asset is subject to capital gains tax. Purchases of real estate in crypto continue, however, as the purchase of an apartment in Venezuela with stablecoin tether.
What do you think of La Haus accepting bitcoin payments for real estate in Colombia? Tell us in the comments section below.
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