PHOTO: Marlborough Sounds realtors are offering a house for sale in bitcoin. Photo: Pixabay

Century 21 Real Estate today announced it would be selling a Marlborough Sounds section for bitcoin, the decentralised digital currency which operates without banks and is not yet subject to government regulation.

The sale would be a first for New Zealand but it comes with a catch: the purchaser won’t be able to get a mortgage.

“The value of Bitcoin is fluctuating quite a lot at the moment, so we’re reluctant to put a set bitcoin price on the section,” said Sounds Lifestyle Investments director Joe Lupi.

But let’s just say these last sections are priced at around $200,000 and so the amount of bitcoin required to buy the one we’ve identified would depend on the exchange rate at the time of transaction.”

adsense

READ MORE VIA RADIO NZ