Thursday, 26 November 2020
The News and Media Division of The Insight Partners
Monday, 15 Jun 2020 01:00 pm

Antalya Homes: Sales with TeleProperty and Payment with Bitcoin

Business is having a serious transformation after Covid-19. Now, online purchase range is enlarged from a simple pen to a house. Antalya Homes, the real estate company that pioneered remote property sales in Turkey with TeleProperty, recorded the highest valued real estate sales ever made via Bitcoin.


Travel bans that started with Covid-19 epidemic, forced the integration of technology and innovation in real estate sector. Visiting the properties through virtual tours and making transactions online have become the new normal. Moreover, use of cryptocurrencies in property purchases has become widespread. 

Bitcoin Halving Boosts Property Sales

After reaching its second peak at $ 13,700 in June 2019, Bitcoin had fallen to $ 4,980 in mid-March 2020. The 3rd Halving that all cryptocurrency enthusiasts are eagerly awaiting, took place on 11 May 2020. With halving, as an attempt to create a supply balance in the market, Bitcoin's production speed is slowed down, and it is expected to be valued further as an investment tool. In the first week after halving, the Bitcoin value rose again to $ 10,000.

Bayram Tekce, Chairman of Antalya Homes, the leading real estate company in Turkey, has commented on new developments in the sector. He stated that the property sales with Bitcoin have accelerated and added: "With the effect of the increase in Bitcoin value after halving, investors made capitalization sales that are reflected as an increase in property sales."

Bayram Tekce, drew attention to the innovation in real estate, known as PropTech (Property Technology) and referred to a recent house sale; "In the sale of a villa in Antalya, we recorded visuals of the house with a drone and did an online viewing tour with the customer. Then, we brought the buyer and the seller together on an online meeting and finalized the negotiations. Antalya Homes brokered the payments with Bitcoin. This sale, worth of 1 million 250 thousand dollars, was the highest valued property sales ever made by Bitcoin in Turkey"

Bayram Tekce stated that Bitcoin can be converted into a property, but few real estate companies are able to do this. He said, "The Covid-19 pandemic is changing the whole life and way of doing business. It is important to keep up with the changing dynamics. Having the innovation as a corporate value, we continue to be the pioneer in the field of PropTech."  

Tags TeleProperty Bitcoin Proptech Travel ban COVID-19 crisis Antalya Homes Real estate Technology

Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

media@smartmarketnews.com | sales@smartmarketnews.com

Contact Us
Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter

A PHP Error was encountered

Severity: Notice

Message: Undefined index: csrf_token

Filename: include/footer.php

Line Number: 149


File: /home/smartmarketnews/public_html/application/views/include/footer.php
Line: 149
Function: _error_handler

File: /home/smartmarketnews/public_html/application/views/news_details.php
Line: 791
Function: view

File: /home/smartmarketnews/public_html/application/controllers/News_controller.php
Line: 227
Function: view

File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once

Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved | Privacy Policy