Real estate industry had been severely impacted by covid. But immersive technology solutions came hand in hand as a saving grace for the industry. In this blog, we have explored the potential of virtual and augmented reality in the immersive vr for real estate industry by giving engaging experiences to potential buyers.
Immersive technologies such as virtual and augmented reality offer the real estate industry a unique opportunity to provide potential buyers with an engaging and interactive experience. These technologies offer an alternative to traditional open houses and property viewings, enabling prospective buyers to view properties worldwide.
According to research from Goldman Sachs, Augmented Reality (AR) and Virtual Reality (VR) are expected to be an $80 billion market by 2025. VR is expected to generate $2.6 billion by 2025 alone in the real estate market. In the same year, more than 1,25,000 real estate agents will utilize VR to showcase homes to buyers with annual spending of $5,000, and it will grow yearly by 10%.
The impact of immersive virtual reality (VR) on real estate marketing and sales has been significant. VR has revolutionized the way properties are showcased, allowing potential buyers to experience them in a more engaging and realistic manner.
Immersive technologies can play a significant role in making the real estate sector more powerful and profitable. 1. Convenience 2. Feedback 3. Confidence
Challenges in implementing immersive technologies in real estate can include cost, technical expertise, and user adoption. However, the benefits of using immersive technologies to market and sell properties can outweigh these challenges.