Cryptocurrency transactions in the Spanish real estate market surge in 2024, with usage increasing by 15%

The number of real estate transactions using cryptocurrency as a payment method will significantly increase in 2024. Compared with traditional home payment methods, it has the advantages of fast fund transfer and more savings. The usage rate of payment methods has increased by 15%, especially in major cities such as Barcelona, Madrid, and Valencia (accounting for 60% of all transactions in the industry), and it is expected that about 6% of real estate transactions will involve cryptocurrency payments in 2024.

In today's era of rapid digital development, the real estate transaction field is also undergoing a transformation in payment methods. According to Bitcoin.com, Spanish real estate technology company Enlace has brought a remarkable news: in 2024, real estate transactions using some form of cryptocurrency as a payment method will show a significant growth trend, and many related situations and data are worth exploring in depth.

1、 The growth of the application of cryptocurrency in real estate transactions

（1） Overall growth trend

Spanish real estate technology company Enlace revealed that the number of real estate transactions using cryptocurrency as a payment method will significantly increase in 2024. This phenomenon marks that the application of cryptocurrency in the real estate field is gradually gaining more recognition and adoption, breaking the dominant position of traditional payment methods in this field for a long time.

（2） Usage growth data

According to Enlace's investigation, the usage rate of cryptocurrency as a payment method has increased by 15% in 2024 compared to the past. This considerable growth rate fully demonstrates that the potential of cryptocurrency in the real estate trading market is constantly being explored, and its development trend should not be underestimated.

2、 The advantages of cryptocurrency payment methods

Enlace further pointed out that the rapid growth trend of cryptocurrency in real estate transactions is closely related to its significant advantages compared to traditional home payment methods.

（1） The advantage of quick receipt of funds

In the traditional real estate transaction process, the receipt of funds often requires a series of tedious procedures, involving multiple links such as bank review and transfer, which makes the time for funds to be received relatively long. When using cryptocurrency as a payment method, its unique blockchain technology can achieve rapid transfer of funds, greatly reducing the time for funds to arrive and providing a more convenient and efficient payment experience for both parties in the transaction.

（2） Cost saving advantage

Compared to international bank transfers, cryptocurrency payment methods exhibit more cost-effective features in terms of fees. International bank transfers typically involve high transaction fees, especially in cross-border real estate transactions, which can become a significant expense. Cryptocurrency transactions, on the other hand, do not require such high transfer fees, thus saving costs for both parties and making real estate transactions more cost-effective on an economic level.

3、 Outstanding performance in major cities

The growth trend of using cryptocurrency for real estate transactions is not evenly distributed throughout Spain, but is particularly evident in major cities such as Barcelona, Madrid, and Valencia.

In these major cities, cryptocurrency trading accounts for as much as 60% of all transactions in the industry. This data fully indicates that in major cities with more developed economies and active real estate markets, people have a higher acceptance of new payment methods. Cryptocurrencies have played a significant role in the real estate transaction field in these areas, becoming one of the important choices for many buyers and sellers when conducting transactions.

4、 Forecast for the whole year of 2024

Based on the observed growth trend and outstanding performance in major cities, Enlace has made corresponding predictions for the real estate transaction situation for the whole year of 2024.

The company expects that approximately 6% of real estate transactions in 2024 will involve cryptocurrency payments. This expected data not only reflects the scale of cryptocurrency applications in the current real estate trading market, but also provides a reference direction for the further development of payment methods in the future real estate trading field, allowing relevant practitioners and investors to have a preliminary estimate of the future trend of cryptocurrency in real estate trading.

In summary, the application of cryptocurrency as a payment method in the real estate transaction field in Spain will show a rapid growth trend in 2024, with obvious advantages and outstanding performance in major cities. It is expected to also account for a certain proportion of real estate transactions throughout the year. This trend indicates that the payment methods for real estate transactions are developing towards diversification, which may have a profound impact on the operation mode of the entire real estate market in the future and deserves continuous attention.