Key Takeaways:
- BitOfProperty is a startup changing the face of real estate investment in Europe.
- Through blockchain, it allows for the purchase and sale of pieces of real estate for passive income.
- The platform enables easy entry and exit from investments, shaking up the traditionally illiquid property market.
- Collaboration with Japanese real estate leader, LIFULL, and Singapore-based startup incubator, Spaze Ventures.
Blockchain technology continues to reshape countless industries, and now, a new player in the European market seeks to revolutionize real estate investment. BitOfProperty, a Tallinn-based startup, is leveraging the power of the blockchain and the concept of crowdfunding to give everyone the opportunity of earning passively from real estate. Much like buying stocks from different companies, BitOfProperty offers the opportunity to buy and sell pieces of real estate.
The concept now epitomizes the functionality of a marketplace for real estate investment, while promoting financial freedom, an often elusive concept. Their door to financial freedom swings open through an innovative model, which lets anyone invest in the traditionally high-priced and illiquid real estate market. The result? A smoother, more balanced and accessible real estate market.
BitOfProperty sets itself apart through its simplicity and convenience. Once a piece of property is purchased on the platform, it starts generating rental income which is added directly to the investor’s account on the platform. The income can be reinvested or withdrawn for personal use. This makes the platform not just a passive income generator, but also an income multiplier. Moreover, ensuring investor flexibility, the platform allows easy exit as shares can be listed back on the marketplace at a set price for other investors to purchase.
Furthermore, the company is powered by a collaboration with LIFULL Co., Ltd – a leading real estate platform from Japan, and Spaze Ventures – a startup incubator based in Singapore. With such powerful backers, BitOfProperty’s innovative model can be expected to endure, grow, and disrupt the market even further.
Looking towards the future, BitOfProperty aims to expand its services across Europe, transforming it into a pan-European marketplace. The start-up, while young, has the potential to reshape the real estate investment landscape by democratising property investment and making it more accessible and liquid. Moreover, by breaking down the barriers to entry, they engage a larger number of people in property investment, cultivating a new generation of investors.
As the world becomes more interconnected and technological advances facilitate easier transactions, it is highly plausible that blockchain technology through startups such as BitOfProperty becomes the future of passive real estate investment in Europe. For constant updates on this groundbreaking innovation, stay connected on their website, Twitter, Facebook, and LinkedIn.
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