Buying apartments with Bitcoin ₿, in Ukraine.

blind-spot (70)in Project HOPE • 4 years ago

Blog Index:

Mass adoption of crypto (Start to "Red-drip" text breaker)
Ukraine adopting Crypto (From "Red-drip" to "Blue-bubbles" text breaker)
Buying apartments with Bitcoin (Everything under "Blue-bubbles" text breaker)

The term "mass adoption" is a well known concept within the crypto community. We have been, for a long time, attempting to accomplish the said feat. Over years we have developed various coins, concepts and projects to help reach the goal of mass adoption.

One of the challenges crypto still faces is real life use case. Unless and until we do not see crypto being used as feasibly as fiat currency IRL, crypto will still have a hard time adopting the masses.

But use cases in real life have to be facilitated by the national economic departments, and even better approved, approved by the government as a substitute. Or else, we will see a repetition of what is happening in many countries such as Bangladesh where you can be legally prosecuted for being involved with crypto.

Of course, it doesn't have to be government regulated or accounted by the national reserve to become part of our society. If the general community, and the government recognize and understand the pros of crypto, it will be more than enough to get the ball rolling.

Ukraine, where I am currently located, is leading the global crypto mass adoption. It is one of those countries where due to both economic situation and the advanced IT proficiency here allows it be a ripe ground to grow crypto adoption.

Recently a Ukrainian pegged token was in the talks. UAX - pegged 1:1 to Ukrainian Hryvnias. Although I am not aware how far have these talks gone, it has become apparent that both the community and government recognize the potential benefits of merging crypto into the present economy.

At the moment, crypto is growing in popularity in Ukraine. You can find many crypto ATMs, businesses that accept crypto as a form of payment and even currency exchange stalls that readily exchange crypto for fiat or vice versa.

The prevalence is so massive that you can now buy property with Bitcoin. Studios, apartments or plots. All payable in Bitcoin. As I was looking into investing in some properties, I stumbled across a pleasant surprise. So, I headed out to check out the entire ordeal myself.

This specific developer is currently working on many projects around the city. Some apartments are ready to be handed over. They have a few ready to be handed over in 2021, and a brand new structure coming up to be handed over in 2023.

The apartments are located within the main city, which is always a good thing. I have heard much about them in the past, and upon visiting the sites personally I can vouch for their quality of work.

The buildings are styled to match European standards. They can either hand you over just the apartment with windows and doors placed, or else you can commission them to do the interior. Which ever works the best for you.

These apartments, here, usually raise in value (1.5 - 2 times) within 4 years, and they are even easier to rent out. All around, it is a good investment. I will be talking to the developers directly in their head office for more negotiation and details.

Either ways, they can be bought in EUR, USD, UAH or BTC! I spoke to the guy that showed me around and he confirmed that the price, wallet and other details surrounding a payment made with BTC could be discussed whenever I feel like it. Also, all documents pertaining to the ownership, hand over and payment will be made and legally fulfilled.

Currently, I am looking at a few options. They have 19m2 linear studios, 23m2 linear studios, 43m2 family double rooms.

The prices? The ready to hand over are a bit costlier compared to upcoming projects, obviously. The ready to hand over ones range from $19,000 - $25,000 depending on apartment type and without interior. Adding interior ranges from $7000-$11000.

The 2023 project is much cheaper ranging from $15,000 - $20,000 without interior and depending on type of apartment.

In a nutshell, the apartments carry a lot of value. Either for living in them, renting them or selling them, they still can generate a lot of profit. The locations are good, the quality is top notch, the work is commendable... and I can buy them with BITCOIN!