5 Reasons Virtual Reality Will Revolutionize the Real Estate Industry

According to Goldman Sachs , the Real Estate VR industry is predicted to amass $2.6bn in 2025. Furthermore, there is a potential user base of 1.4 million registered real estate agents and an aggregate real estate commissions market of $107 billion. This is the market that VR is set to disrupt. Virtual Reality isn’t so common, but at the same time many real estate agents are already using it to gain a competitive edge and that use is only set to increase. This new tech allows buyers to almost ‘feel’ the property and helps them to really understand what living there would be like. 1. Walk Through Properties That Are Still Under Construction The first reason why VR will revolutionize the Real Estate industry is also the most crucial – being able to walk through a 3D rendered visualization of a building project that is still under construction. This experience goes way beyond the flat images from catalogs or websites. With today’s technology, the textures and the lighting has r...