Cai-Capital Opens Up UK Property to Foreign Cryptocurrency Investors

Jun 19, 2014 at 18:45 UTC. Since the bitcoin price rose sharply last year, the sale of properties for the digital currency has become, if not commonplace, definitely a growing trend - albeit for more luxury properties.

Offering international investors the chance to buy UK properties with an extensive range of digital currencies, including bitcoin, Cai-Capital claims to be the first UK firm providing this facility.

Targeting markets such as China, Russia and the Middle East, the Cheltenham-based company, which works in partnership with estate agent Hill-Mathieson & Partners, hopes that cryptocurrency payments will draw in new customers for the company's sales, letting and property management services.

"The list of companies accepting digital currency transactions continues to grow daily and is increasingly becoming a more popular way of conducting business. In this arena, Cai-Capital leads the way in the UK Property sector."

By introducing digital currency payments, clients will have opportunities to purchase property without the uncertainty of swings within the exchange rates found in normal money markets, the company director said.

The process is similar to any other property purchase if not simpler, Stukins said.

One further advantage - for the cryptocurrency community this time - is that, as property deals often involve large amounts of funds, using a partner such as Acquire CC helps execute such deals without triggering a market price movement.

While Cai-Capital may be the first firm offering cryptocurrency-financed property sales and rentals in the UK, other companies have already started offering similar services worldwide.

In January, Manhattan-based real estate brokerage firm Bond New York announced it would be accepting bitcoin as payment for property transactions.

In the same month, Canada-based Quantum Properties began accepting bitcoin deposits for properties it sells locally.