French DJ and music producer David Guetta has determined to sell his South Seashore seafront pad within the Setai Residences, an expensive rental/resort constructing in Miami Seashore.
Freud Group, a full-service actual property consulting company with experience within the Miami market is itemizing Guetta’s decrease penthouse for $14 million, accepting cost in Bitcoin (BTC) and Ethereum (ETH).
Particulars of the itemizing
Guetta’s 2,528 sq. foot beachfront property on the thirty seventh flooring options three bedrooms, three bogs, a panoramic view of the Miami skyline, 24-hour room service and different facilities, resembling three oceanfront swimming swimming pools, a sauna and a spa.
Three years in the past Guetta bought the itemizing from a New York billionaire Richard LeFrak for $9.5 million and stands to make $4.5 million from the sale.
Guetta’s resolution to just accept cost in Bitcoin and Ethereum appears to be a private “sellers” choice, since different listings on the web site don’t point out cryptocurrencies.
One other level of entry for crypto
The pandemic shut down the world’s economies final yr however the true property market skilled a renaissance. In 25 economies tracked by The Economist, costs rose considerably.
Within the US they climbed by 11%, in Britain they rose by 8%, whereas in New Zealand they surged by 22%, over the last 12 months lined by the info, as central bankers all over the world fear about this tempo in the true property market.
Whereas the housing increase causes fear each within the US and Europe, in Germany the place the housing market proved to be traditionally very steady, this alerts a major shift. The German hedonic value index rose by 11.12% (9.28% inflation-adjusted) through the first quarter of 2021, in keeping with Europace figures.
Germans went far with the adoption of cryptocurrencies and made it attainable to buy actual property with crypto, a gorgeous choice as a result of crypto-friendly German taxation law.
Whereas actual property costs are going wild, Bitcoin adoption is making its manner by means of actual property transactions as corporations advertise that they specialise in catering listings for crypto-paying purchasers all over the world.
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