The property market here in the UK seems to be doing fairly well. A lot of people are buying up property at auction, doing it up and selling it on for a profit.
Example, from UK TV show "Homes under the Hammer" - youtube link:
http://www.youtube.com/watch?v=ftuzyyz693EThe first property is shown as a rather run down house, purchased at auction for £47,500.
The house is re-visited at about 26 minutes in, renovated at a cost of £25,000.
This makes a total outlay of £72,500.
The valuation (at 30mins in) is £90,000.
Total pretax: £17,500.
Rental valuation: £500 - £600 (3-4% approx).
What about a crowdfunded business in this market, using bitcoin?
Idea only, I'm not asking for any investment!