Interesting data from
wikipedia says Portugal has 73.9% home-ownership rate which is pretty high. My guess is this probably played a part as home-ownership appears to be more on the norm side there indicating some locals may see it as an essential thereby making people more motivated to trigger the purchase button despite their inflated prices and bitcoin's long term potential.
Yes, in Portugal it is very common to buy a house instead of renting it, as the cost is practically the same. In many cases the monthly loan fee is lower than the monthly rental fee. That's why people in Portugal end up buying a house whenever they can.
Of course, at this time of interest rate hikes, things get more complicated. But also the rental prices are so inflated, it gets complicated in both cases.
Buying a house with Bitcoin, for those who have this ability, to get rid of monthly fees and save hundreds of euros every month.
A very good trend is that people have started accepting payment for real estate in Bitcoins. I am surprised by the fact that it is more profitable to buy an apartment than to rent, in my country the situation is completely different.