Where can you buy Real Estate for cash in EU?

[DeepDrilling]

With cash being systematically taken out of circulation, in which countries is it still possible to buy Real Estate for cash in the EU?

I assume you never found something useful to buy for cash as you was looking for?

 

[volcanotnt]

Is it possible to buy property for cash in Tenerife/Madeira?

I can sell in Tenerife for BTC, if you are interested, send me a message

 

[padres123]

Eastern Bloc: Bulgaria, Romania, North Macedonia, Serbia, but also in Montenegro and Germany...

 

[uplana]

Forget about Germany, you can't buy a house or any property there if it's above 50K in EURO / cash!

 

[AtlasShrugged]

Bulgaria, Romania

from your own experiences?

 

[JimBeam]

Bulgaria soon joins Eurozone (adopts Euro). In many countries that lead to increase in prices so this might be worth looking into.

 

[peter taradash]

With cash being systematically taken out of circulation, in which countries is it still possible to buy Real Estate for cash in the EU?

If you are talking about currency, like dollars, pounds or CHF in a paper bag, you can forget it.

Maybe if a seller will go along with you and you trust each other, part payment in cash will fly with a creative solution. Like what? An unrecorded record between you & the seller that the cash was for furnishings. In all of EU real estate deals have to go thru a Notary. The vast majority of people (sellers) are straight shooters who don't want to get fancy. Those who will take cash IMO are not are usually not trustworthy. So cash transactions (which violate money laundering laws), are simply NOT ADVISED.

Now, If cash in this question means a bank transfer of 100% of the purchase price from a bank account, one of our clients just had an unhappy experience (in one of the countries, a reader here said cash was still OK).
This is what happened! The notary rejected the deal. Why? To her, anything without a substantial purchase money mortgage from a "recognized local lender" was a suspicious transaction that needed to be reported to "äuthorities."

To make a long story short, a simple all cash deal was held up for over 6 months. It generated a Know Your Customer detailed investigation by the bank that the buyer had been using for many years. His bank, prodded by the "authorities" wanted details on customer's' past income tax payments, PLUS, They wanted "source of funds" documents and income / expense statements & financial statements going back over 100 years. Crazy Huh?

Bottom line? Almost any big transaction involving cash (i.e. you can forget bags of paper money) . A transaction on any public records has to go through a notary in Europe . A Notary is part Government agency. These days, it will probably generate investigations & hassles you don't need.

Even for straight arrows, the delays and paperwork these days make me wonder how anything can get done!

It is much harder than it used to be to achieve anonymity & invisibility. I wrote a book on the subject.

 

[AtlasShrugged]

Now, If cash in this question means a bank transfer of 100% of the purchase price from a bank account, one of our clients just had an unhappy experience (in one of the countries, a reader here said cash was still OK).
This is what happened! The notary rejected the deal. Why? To her, anything without a substantial purchase money mortgage from a "recognized local lender" was a suspicious transaction that needed to be reported to "äuthorities."

Could be helpful to know which country.

I thought when people used the word cash that they meant physical money, not bank transfer. Why would it be problematic to pay with digital money?

Has being a debt slave become so normalized these days that it's expected to take a loan for absolutely everything? What a world we live in.