Developers have sold the first two luxury homes in the UK using bitcoin currency.

It follows an increasing trend in the last few months for developers to place new homes on the market in the cryptocurrency.

Property developer Go Homes announced the successful sale of the homes yesterday, both have been bought by men in their 20s in the technology industry.

The first is a four-bedroom detached £350,000 family house in Colchester which is still under construction.

The unnamed buyer, a software developer, is understood to be a so-called "Bitcoin miner" who made an early killing on the cryptocurrency and is now converting it into bricks and mortar by buying a new home as an investment property.