Housing-backed cryptocurrencies could change homebuying

by Steve Randall28 Nov 2018

The current slump in the value of cryptocurrencies may be giving investors cause for concern but the underlying technology could change the face of homebuying.

Blockchain could disrupt real estate according to Brandon Frere, whose Frere Enterprises helps businesses with their digital transformation.

"Blockchain is more than cryptocurrencies and ICOs," Frere Enterprises CEO Brandon Frere explained. "Really, it's a technology that could have so many applications that we've only scratched the surface of what it can do."

Frere says that the cost savings that blockchain brings will be a boom for homebuyers, especially millennials who may be deterred by transaction costs.

Blockchain enables transparent, immediate, and secure transactions, which Frere says could mean investors potentially using cryptos backed by housing assets to invest in real estate without the necessary closing costs of a traditional home purchase.

Blockchain to remain
Even with the current weakness in cryptos, Frere says blockchain is set to be part of real estate’s future.

"Everybody is waiting to see where cryptos go and what they do ... but we all know blockchain technology is here to stay," Frere commented, "and changing the housing market sounds like a great way for blockchain to continue as a disruptive technology."

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?