UK homes. Agricultural acres. Development land.
Explore the price of property in a different unit of account.
Fetching the current BTC/GBP rate. Cards initially show matched historical observations; the history charts and change table always use matched dates.
Published property values converted at the current BTC price
Historical observations · each series starts at 100
3-month, 6-month, 1-year and 5-year changes ending at each series’ stated observation date.
| Benchmark | End observation | 3 months | 6 months | 1 year | 5 years |
|---|
Negative BTC changes mean fewer bitcoin were needed to buy the benchmark. These are price changes, not investment total returns. Dates differ between sources; no missing observations are estimated.
Location, planning consent and infrastructure determine the price. Enter a sterling value per acre to convert a particular site at the current Bitcoin rate.
Greenfield and urban development benchmarks measure changes in value. They do not publish a single national price per acre.
Live cards use the latest included sterling observation divided by the current Coinbase BTC/GBP spot price. The property valuation date remains visible. A live conversion is not a newly published property valuation.
Historical house-price changes use the mean of every daily BTC/GBP observation in the relevant month. Farmland uses quarter-end BTC closes. Savills development land uses the valuation date, the 15th of March, June, September or December.
Historical BTC/GBP is Coin Metrics BTC/USD divided by Bank of England USD per GBP, using the latest prior FX observation on non-business days. The live Coinbase feed is a different pricing source and may vary slightly.
BTC index = 100 × (property index ÷ BTC/GBP) ÷ the same ratio at the base date. Both chart lines start at 100 in the selected window. Development card indices use June 2021 = 100; their live values use the current BTC price.
Property datasets are curated research snapshots and require a dataset update when new releases are incorporated. Only the Bitcoin feed refreshes automatically. Comparisons exclude rent, ownership costs, transaction costs, tax and leverage.
Longer-form research exploring what Bitcoin could mean for land, property and the companies that build our homes.
Could a PLC housebuilder combine building homes with holding Bitcoin on its balance sheet? Our first paper will use Persimmon as a worked example, exploring a historical counterfactual and an illustrative scenario to 2035.
The paper will set out the numbers, the capital-allocation choices and the risks behind the result.
Property and Bitcoin invite different ways of thinking about scarcity, purchasing power and the long term. These topics sit alongside the dashboard and provide the starting point for our research papers.
What might a Bitcoin treasury mean for a PLC housebuilder? The starting point is the capital needed to buy land, build homes, meet commitments and withstand a downturn.
The first paper will examine Persimmon as a worked case study: how retained capital, dividends and a Bitcoin treasury could change shareholder outcomes—and where the model’s assumptions could fail.
Explore the forthcoming Persimmon paper ↗Land is location-specific. Planning, access, infrastructure and permitted use all matter to its value. A national farmland benchmark cannot stand in for the value of a development site.
The research keeps farmland and development land separate, and preserves each provider’s definitions and observation dates. Comparing them with Bitcoin is a change of denomination, not a claim that the assets are interchangeable.
A house price expressed in pounds can rise while the same house price expressed in Bitcoin falls. Both statements can be true: they measure the asset against different things.
The useful question is what changed in the property, what changed in the currency, and which dates are being compared. Bitcoin’s volatility means the direction can reverse sharply over shorter periods.
Housing associations need capital to maintain homes, deliver services and fund development. Any discussion of Bitcoin starts by separating those commitments from genuinely long-term surplus reserves.
A future research topic: whether a carefully governed treasury allocation could have a role, and how volatility, liquidity and funding restrictions shape that question.
BTCSurveyor is an independent research and commentary project exploring land, housing and Bitcoin. It brings a property perspective to the debate about money, value and corporate treasuries.
The focus is simple: make the comparisons clear, show the assumptions, and follow the evidence across different time horizons.
Independent calculations using published property benchmarks and dated Bitcoin prices. No affiliation with the source publishers.
The live house-price card divides the latest included sterling house price by the current Coinbase BTC/GBP quote. The property observation date remains unchanged. For historical housing, the calculation uses the mean of daily BTC/GBP prices in the same month as the official UK house-price observation. The interactive index rebases both series to 100 at the start of the chosen window. Index rounding can cause small differences from average-price percentage changes.
Historical Bitcoin in pounds is calculated from Coin Metrics BTC/USD divided by Bank of England USD per GBP. The research uses the most recent prior FX observation on non-publication days, with a maximum four-day gap.
The housing snapshot ends in August 2026; its official release is dated 21 October 2026. The development-land comparison uses the Savills greenfield and urban history to 15 June 2026, matched to Bitcoin prices on each valuation date.
The land charts are relative indices. They do not imply an absolute £/acre or BTC/acre development-land valuation. Savills Q3 2026 rounded changes are not spliced into the exact historical curve. The underlying research records an unresolved Savills urban chart/text discrepancy and revisions between publication vintages.
Farmland research covers separate Savills and Knight Frank benchmarks with different endpoints; it is not blended into this development-land comparison. No estimated historical Knight Frank development-land curve is presented.
These are capital-price comparisons, not total investment returns. They exclude rental income, financing, tax, transaction costs, maintenance and leverage. National averages cannot value an individual home or site. Bitcoin is volatile, historical results depend on the chosen dates, and recent property data may be revised.
The material is research and commentary, not personalised investment advice. A Bitcoin-denominated property price can rise as well as fall.
Contains HM Land Registry data © Crown copyright and database right 2026, used under the Open Government Licence v3.0. Other source data remain subject to their publishers’ terms. Calculations and commentary: BTCSurveyor.
Charts, observations and new perspectives from @BTCSurveyor.