by SUSANN ROTTLOFF
The benefits of using Bitcoin to purchase property in the Riviera Maya
Cryptocurrency has been blowing up recently, making Bitcoin one of the most valuable currencies
out there. However, the Cryptocurrency market can be volatile, so many say users have been
looking for passive investment opportunities to be able to “cash themselves out” of the Bitcoin
game. One of the most solid investments to make is in Real Estate, and right now, the Riviera
Maya is one of the most popular places to buy.
Although Bitcoin has been around for years, it’s only recently that big names have been accepting
it as a legitimate alternative to flat government currencies. Companies such as PayPal, Expedia,
Tesla, Wordpress and Microsoft now all accept cryptocurrency as a form of payment. In the real
estate world, Bitcoin is taking hold too. Many high-end developers are now accepting it as a form of
payment from their clients.
Three reasons to use Bitcoin for your real estate investment
International Currency - One of the best things about using Bitcoin to invest in real estate in the
Riviera Maya is that it’s an international currency. This means that you don’t have to calculate from
Dollars to pesos or Euros to Dollars, and there’s no need to wait for fluctuating exchange rates to
swing in your favour.
- Fast and Inexpensive Transactions - In most circumstances, moving money between
International banks can be a slow and frustrating process. You will need to check exchange
rates, wait for money that has been frozen or put on hold, and pay hefty international
transaction fees. With Bitcoin, however, there’s no waiting time, transactional fees are
extremely low and there’s no need to go through the long, complicated processes that banks
require before making a large purchase.
- Save on Taxes - In Mexico, there’s a government placed sales tax that applies to all real estate
purchases in the Riviera Maya. However, as Cryptocurrency isn’t government tracked, nor
does it run through a third party, there’s no sales tax added when purchasing property in
Bitcoin. You can actually save money by paying for your real estate investment in the Riviera
Maya in Cryptocurrency.
More and more developers in the Riviera Maya are starting to accept Cryptocurrencies, such as
Bitcoin, as payment from their clients. However, as this is still a new process, it’s best to get advice
from someone who is experienced in both the Riviera Maya real estate market and purchasing
from developers in Bitcoin.
So, if you’re thinking about investing in a vacation home, a forever home or rental investment in the
Riviera Maya and would like to use Bitcoin as your currency, please don’t hesitate to get in touch.