MANY platforms around the world are now offering the possibility of investing in real estate through blockchain. This technology, which claims to make real estate transactions safer and faster, is appealing to many investors, and promises to make investing in property more readily accessible.
It is well known that real estate is one of the safest sectors in which to invest your money. But with the rise in house prices, access to property is becoming increasingly tricky for a large part of the population. Whether you're a student, an entrepreneur, a freelancer or a worker on a fixed-term contract, it is sometimes difficult -- if not almost impossible -- to secure a mortgage. Thanks to the use of blockchain technology, the real estate market could be made more accessible by proposing to "split" the ownership of properties.
The blockchain system relies on cryptocurrencies or exchangeable tokens. These tokens, which serve as digital assets, can be bought, sold, transferred or exchanged on specific platforms. It is with these famous tokens that real estate market intends to open up investment opportunities to the largest possible number of people. Because this so-called tokenization allows a property for sale to be split into portions, in turn facilitating property acquisition for small investors or people to whom banks do not easily grant mortgages.
The shape of things to come?
These fractional ownership properties can be accessed via several platforms, such as RealT, Olarchy or Equisafe, to name just a few. Founded in 2019 by Remy and Jean-Marc Jacobson, RealT offers investors from all over the world the opportunity to buy US real estate through tokenized fractional ownership. In the United States, it is possible to buy a home via an NFT or in "fractional" mode through a third-party company. Basically, a token buyer owns a share of that company, which in turn owns real estate.
In some countries, such as France, the law prohibits the tokenization of a real estate asset. But there are still some blockchain-related property projects underway. A start-up called Wincity offers one such alternative approach to tokenization that takes the form of gamified "cards." In January, the company organized its first sale, in the form of NFTs, for a business located in the 6th arrondissement of Paris. The real estate asset was divided into 1,111 shares, represented by cards that are not all worth the same amount and do not have the same advantages. Several levels of cards are available, depending on the level of investment (regular, rare, mythic or unique).
For example, for its second sale, organized recently in Lille, the most common card, the "regular" card, could be bought for 0.1799 Ethereum (ETH), or approximately €500. The most expensive card, the "unique" card, was available for 15 ETH (more than €40,000).
The platform offers investors several sources of income. The monthly rental income, which is actually a sum of rent automatically paid by the company, is defined in relation to the value of the digital card purchased. Each year, the property is re-appraised to potentially allow the card to gain value. Finally, the value of the card is adjusted monthly according to the progress of the repayment of the property loan.
However, there are still many obstacles in France due to a highly regulated real estate sector. "The biggest difficulty lies in the legal aspect, we always surrounded ourselves with law firms that allow us to move forward because we are out ahead on the subject," explains Arthur Flipo, Product Manager at Wincity.
"We have chosen to take as many precautions as possible and to advance according to our legal possibilities. For example, in order to obtain bank financing for the first property in Paris, we had to produce a large number of documents certifying and justifying our activity. It was a great victory for us to be the first in Europe (under French law) to co-finance a property between NFT investors and a bank. This is an excellent sign for the future of the project."
ETX Studio
Thu Apr 28 2022
Blockchain promises to make investing in real estate more readily accessible to everyone. - ETX Studio
Bebaskan pasaran buruh dari perangkap gaji berasaskan kelayakan akademik - Penganalisis
Malaysia harus beralih ke arah penetapan gaji berdasarkan kompetensi pekerja.
Raja Charles III sambung tugas awam minggu depan
Raja Britain, Raja Charles ketiga akan meneruskan tugas awamnya minggu depan setelah cataT perubahan baik dalam rawatan kanser. Baginda akan memulakan dengan lawatan simbolik ke pusat rawatan kanser.
Demonstrasi pro-Palestin di kampus universiti AS
Demonstrasi pro-Palestin tercetus di beberapa kampus utama Amerika Syarikat. Pelajar menuntut gencatan senjata kekal dan menekan Washington untuk menamatkan sumbangan dana tentera kepada Israel.
Dakwaan Israel: PBB masih siasat 8 individu
Pasukan Khas PBB menutup satu kes dan menggantung tiga kes berhubung dakwaan terhadap 12 petugas UNRWA yang terlibat dengan Hamas, susulan kekurangan bukti dari Israel.
Hamas mahu gencatan senjata bersyarat
Hamas komited kuatkuasa gencatan senjata dalam perang dengan Israel, namun dengan syarat yang dituntut.
Penghidap kanser tulang impikan telefon bimbit
Siti Zubaidah, calon SPM yang mengidap kanser tulang, bercita-cita memiliki telefon bimbit untuk merakam kenangan sebelum pergi. Petronas merealisasikan impian ini melalui program 50 Dreams.
Malaysia seru pihak terlibat supaya bertenang dan minta siasatan dijalankan terhadap isu kemanusiaan di Gaza
Malaysia seru semua pihak yang terlibat supaya bertenang dan menghentikan tindakan provokatif yang boleh memburukkan lagi konflik di rantau Asia Barat.
PRK Kuala Kubu Baharu bermula hari ini
PRK DUN Kuala Kubu Baharu dimulakan hari ini dengan proses penamaan calon di Dewan Serbaguna dan Kompleks Sukan Daerah Hulu Selangor. Calon dari parti serta calon bebas boleh serahkan borang pencalonan mulai jam 9 pagi.
Michelle Yeoh terima penghormatan tertinggi Amerika
Michelle Yeoh akan dianugerahkan Pingat Kebebasan Presiden oleh Presiden Joe Biden pada majlis rasmi di White House pada 3 Mei depan.
PM Lee akan hadir Pemukiman Pemimpin Singapura-Indonesia di Bogor
Ini merupakan permukiman ketujuh dihadiri Lee dan Pemukiman Pemimpin terakhir dengan Joko Widodo yang lebih dikenali sebagai Jokowi.
SC lancar inisiatif perluas ekosistem inovasi digital
Suruhanjaya Sekuriti Malaysia (SC) akan melancarkan pelbagai inisiatif untuk meningkatkan libat urus dengan industri dan ekosistem inovasi digital yang lebih luas.
ACO Tech, Geno, MARii teroka penggunaan blockchain dalam infrastruktur EV Malaysia
ACO Tech memeterai MOC dengan Geno Group dan MARii bagi mengkaji penggunaan penyelesaian blockchain bagi infrastruktur Kenderaan Elektrik (EV) Malaysia.
Neurogine, UMS bekerjasama tubuh hab inovasi blockchain di Labuan
Neurogine Group of Companies telah bekerjasama dengan Universiti Malaysia Sabah (UMS) untuk menubuhkan makmal teknologi di Labuan.
Pelan Hala Tuju Teknologi Negara: Langkah penting menuju arah yang betul
56% rakyat Malaysia tidak mengenali atau tidak memahami tentang penggunaan teknologi blockchain serta kepentingannya terhadap masa hadapan teknologi negara.
MyEG meterai perjanjian bagi miliki, kendali Xinghuo BIF International Supernode
Dengan teknologi dan keupayaan perkhidmatan awamnya, Xinghuo BIF akan menyediakan perkhidmatan blockchain kepada negara ASEAN.
Web3 Expo bakal lonjak Malaysia ke Metaverse
Web3Expo, sebuah acara mega yang akan menghimpunkan nama-nama besar dunia ekonomi digital, akan diadakan buat julung kalinya di Malaysia.
MOSTI mulakan projek penjejakan vaksin dengan teknologi Blockchain
MOSTI) dan MIMOS, dengan kerjasama KKM, telah memulakan projek pengesanan vaksin yang berkaitan dengan teknologi Blockchain di peringkat konsep.
E-dompet, trend masa hadapan dalam perniagaan
Ahli Parlimen Sibu Oscar Ling Chai Yew berkata sistem e-dompet dapat menyediakan transaksi yang lebih telus kepada pengguna, penting dalam mewujudkan sistem blok rantai (blockchain) di negara ini.
Lebih banyak platform pertukaran mata wang kripto dijangka dibenarkan untuk beroperasi
Luno merupakan platform pertukaran mata wang kripto pertama yang mendapat kelulusan penuh untuk beroperasi di Malaysia.
MyEG perkenalkan perisian pengurusan gaji berasaskan 'blockchain'
Dalam makluman kepada Bursa Malaysia, penyedia perkhidmatan e-kerajaan itu berkata, ujian percubaan akan dimulakan di beberapa tempat tidak lama lagi.