Sotheby's: Cryptocurrencies are increasingly impacting luxury home purchases; regulators may allow crypto assets to be included in mortgage loans.

Sotheby's International Realty, the luxury real estate brand under auction giant Sotheby's, released a report sharing the evolving global luxury real estate market and the economic policies and factors most influencing it. The report points out the growing impact of cryptocurrencies on luxury home purchases, particularly in markets like Dubai, New York, and California. Regulatory policy adjustments may allow crypto assets to be eligible for mortgage loans. (PRNewswire)