Homebuyers seeking to buy property using Bitcoin (BTC) will find the most expensive and most affordable properties in Asia, with average property prices around 2.5 BTC.
A new data report from NFTevening used a Bitcoin-to-US Dollar exchange rate of $100,000 per BTC, with the average property size is set at about 753.5 square feet, equivalent to a typical two-bedroom apartment. If Bitcoin reaches $150,000, property costs in BTC will be reduced by half, NFT added.
According to NFTevening, Hong Kong and Singapore are the most expensive cities for Bitcoin-focused buyers, requiring over 19 BTC and 15 BTC, respectively, for a standard property. The Swiss capital of Bern ranks third with over 11.65 BTC, followed by the South Korean capital of Seoul at 8.34 BTC.
As for affordable properties, the Bitcoin buyers should consider Vietnam’s capital of Hanoi, requiring just over 2 BTC for properties. The Malaysian capital of Kuala Lumpur ties with the El Salvador capital of San Salvador, with property prices averaging around 1.42 BTC, while Mumbai, India, follows at 1.23 BTC.
When pricing property by continent, Asia offers 2.5 BTC per property value. While this is higher than the costs in Africa (1 BTC) and South America (1.2 BTC), it is more affordable than costs in Oceania (12 BTC), North America (3.5 BTC) and Europe (4 BTC).
