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It is now possible to buy a luxury flat in the UK in Bitcoin or Ethereum
It is now possible to buy a luxury flat in the UK in Bitcoin or Ethereum
Crypto

It is now possible to buy a luxury flat in the UK in Bitcoin or Ethereum

By Amelia Tomasicchio - 28 Jan 2021

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A new luxury flat in Brighton in the UK is now for sale and it is possible to pay in Bitcoin (BTC) or Ethereum (ETH).

According to the statement released today, this is the first time this has happened, at least as far as the south of England is concerned. 

The seller of this flat is the real estate agency Brand Vaughan, which has already sold two other houses in the past with cryptocurrencies as a method of payment.

There have indeed been other cases of flats sold in Bitcoin or even tokenized, like in New York, for example, a luxury condo in Manhattan will be digitally represented on the Ethereum blockchain.

Or even in Rome in 2018 an entire building was put up for sale in Bitcoin. 

Tokenization is something that many think could revolutionize the real estate market, so not only can Bitcoin, Ethereum & co be used as a method of payment, but blockchain can really change the industry and facilitate, for example, even property transfers.

Brighton flat paid for in Bitcoin

However, the seller of the Brighton flat seems to have been involved in the crypto sector for many years and has decided to accept Ethereum or Bitcoin as a preferred method of payment, although he also accepts the more traditional British pounds.

The flat is located in Sussex Heights on the 20th floor and has recently been renovated. It has two bedrooms, a bar, a spa and all the latest technology.

David Vaughan, owner of the estate agency, explained:  

“Cryptocurrency has been gaining momentum every year. As we start to see more examples of real world adoption of digital currencies, it is a natural progression to see more property sales accepting Bitcoin and we are proud to play an early role in that. We are very excited to be able to give a platform to sellers embracing this digital currency revolution. Brand Vaughan are award winning estate agents specialising in the letting and sales of high end exceptional homes. Founded in Brighton, East Sussex and priding itself at bringing at the forefront of property digital marketing, Brand Vaughan believes they are the perfect fit showcasing a sale of this kind”.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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