“In our country, real estate deals with cryptocurrency have already been made“, said Yordan Yordanov, manager and co-owner of the company "Nov Dom 1", which works mainly in Sofia and Varna. He specified that the company has held talks with notaries and their position is that there is no problem with the implementation of such purchases and sales. The company is also discussing an option to launch properties that will be sold in the cryptocurrencies ether or bitcoin, added Yordanov, quoted by BTA. His position, however, is that in this way properties owned by the company, and not by its clients, can be offered.
The big problem with cryptocurrency is not the presence of legal obstacles to its use, but its uncertainty, the expert believes. He specified that its owner is not sure when to sell and thus falls into the trap of expectation. "The money is there, but you don't know if and by how much it will increase, there are no regulations and while you wait, the value may fall", Yordanov pointed out.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be seen HERE