A Colombian real estate platform is now allowing users to buy real estate 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 extension of the platform that has already established such a service in Mexico.
La Haus allows Colombian citizens to buy real estate using Bitcoin
A Colombian real estate platform, La Haus, enables Bitcoin investors to buy real estate directly using the cryptocurrency. To start this initiative in the country, the platform is presenting a new residential project in an exclusive part of Santa Marta called Natura City. The site is less than 200 meters from Colombian beaches and construction of the complex is expected to be completed by 2025.
La Haus has teamed up with the payment processor OpenNode for this task and enables users to pay for the properties via the Lightning Network or on-chain depending on the buyer’s needs. The buyer can pay 100% in Bitcoin or pay only part of the total amount in BTC and pay the rest of the amount using traditional methods. Each apartment is valued at roughly 2.19 bitcoin, or 400 million Colombian pesos.
Expand from Mexico
This isn’t the first time La Haus has looked at cryptocurrency payments in the industry. Earlier this year, in November, the company started accepting bitcoin payments for a housing estate in Playa del Carmen, Mexico. La Haus stated at the time that it would extend this payment option to all objects listed on its platform.
On the evolution of the acceptance of Bitcoin payments, La Haus President and Co-Founder Rodrigo Sanchez-Rios stated:
We think Bitcoin will be the reserve currency of the future. At heart we are a technology company. It goes without saying that we should be a pioneer with this technology.
However, issuing Bitcoin as a form of payment for real estate companies can be complex due to regulations. In the US, Bitcoin can be considered owned, so any income or loss from the sale of the asset is subject to capital gains tax. However, real estate purchases in crypto continue, such as buying an apartment in Venezuela with stablecoin tether.
What do you think of La Haus accepting bitcoin payments for real estate in Colombia? Let us know in the comments section below.
Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is socially affected by the cryptocurrency boom about crypto success and how he is helping the non-banks and the underserved.
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