Real Estate In The Metaverse Is A Rapidly Growing Market With The Real Estate Agent In Its Future
As in real reality, in the virtual one, there will be a demand for those who want to buy land and buildings with those who want to sell them (which can be a person or a company like The Sandbox, which sells the new virgin land created).
The Sandbox is selling 1,900 plots. A small part considering that the parallel world is made up of a total of 166,464 Land.
As in any offline real estate market, there are various types of properties available to choose from.
This market is growing exponentially. It is a new land race like the one that took place in America.
Thus the Metaverse will increasingly become the hero in these sectors of our life.
A STUDY OF REAL ESTATE IN THE VIRTUAL WORLD
– According to a study by “Scenari Immobiliari”, the increase in investments globally materialized at the end of 2021.
– By the end of 2022, they could reach around 1.5 billion euros, touch 2.5 billion in 2023 and exceed 3.5 billion in 2025.
The study continues by making an estimate of all the lots on the market.
– In total, around 270,000 real estate meta-properties of various sizes are on the market in virtual worlds.
– A large portion of the sales are from my point of view, a potentially very profitable investment, but it is still necessary to understand if it is high-risk.
In the Metaverse it works more or less like in reality:
– You are looking for the right opportunity, be it an apartment, a shop, or an office.
– You can buy land or virtual buildings (preferably in cryptocurrencies, but not only) and sell them in unique and non-tradable NFTs (non-fungible tokens).
– Blockchains replace the notarial deed. If necessary, it is even possible to take out a mortgage.
Land prices on existing platforms have gone up 500 percent.
For example, a private individual came to pay 450,000 dollars to buy a virtual house next to Snoop Dogg’s, thus becoming the rapper’s neighbor (in the Metaverse).
The world’s major real estate groups smell money (a lot of money) and are already organizing themselves to enter this new turnover.
What is certain is that many are wondering whether it is a bubble destined to be forgotten or a very real turning point in the real estate market.
The same question is being asked about Bitcoin. If it returns to $70,000, it will prove to be a strong and structured digital currency. Otherwise, it will have been just a speculative bubble.
All this is difficult to say today with certainty. But the digital world is moving forward very fast and some changes will be inevitable.
You have to run the risk, in the end, any risky, less secure investment, has the possibility of making great speculations.
THE REAL ESTATE AGENTS OF THE METAVERSE
Selling a property in virtual reality is more complex than it might seem.
There are many aspects to consider, such as the choice of land and the possible changes that can be made to the virtual property.
Even in the Metaverse, the services of real estate agents can help both buyers and sellers with all aspects of negotiation.
Metaverse Realtors offer a quick and easy buying or selling experience, and can also offer advice on how to trade cryptocurrencies for buying or selling land and buildings in the virtual environment.
In addition, the 3D real estate agencies will also have other services. They will also have a collection in their database of lots available to buy.
And above all, important advice on what type of property is most suitable for the client, especially if he is investing and needs high profitability.
WHY PEOPLE ARE ATTRACTED TO LAND AND BUILDINGS IN THE METAVERSE
The Paris-Saint-German footballer has bought an island. People are attracted to the Metaverse for different reasons.
First, the properties are cheaper than in reality and this is a great attraction (especially for speculation or a simple future investment). Most properties have no entry fee, just a periodic lease or rent payment.
In the field of modifying the structure of virtual houses, there are those who have exploited their impeccable knowledge of robotics, 3D printing, and artificial intelligence.
Let’s not forget that there are also many possibilities to develop creative ideas in this field. We can create something from scratch or transfer our properties into physical reality in the Metaverse.
Another big attraction is the opportunity to network with people from all over the world.
Buying land or a building in the Metaverse means entering a large community, with the possibility of doing business, making new contacts, and, also having fun.
Finally, there is another very interesting feature: the Metaverse is a constantly evolving world, so each owner can update and improve their properties according to the needs of the moment.
There are tons of different ways to take advantage of real estate in the Metaverse.
THE FUTURE OF VIRTUAL REALITY
Obviously, it is not certain how the Metaverse will evolve in the coming years.
There are so many variables to consider, from the technological side to the economic and financial aspects.
But one thing is certain, people’s interest in virtual reality is growing rapidly. It brings with it investors who see an attractive opportunity in virtual real estate.
We have seen a lot of people buy their homes in VR, this figure tends to go up every year.
The opportunities in the Metaverse are endless. We still have yet to discover what possibilities lie ahead for the real estate of the future.
With the help of Metaverse real estate agents, investors can choose the most convenient and profitable property for their needs.
While tens of thousands of dollars may seem like a sizable investment at the moment, the investment could be much more rewarding in the long run.
Another system for investing in a parallel digital world is to buy tokens that are exchanged as currency within that immersive reality.
If you believe the Metaverse will be able to expand and attract many people, the value of that token will go up.
There are so many different ways investors can take advantage of real estate in the Metaverse. From choosing a private island to purchasing an entire building to starting a new business from scratch, the opportunities are endless.
The investment community is only growing as time goes on. You too can be part of this big family.
These are just tips. Whether or not to buy property in the Metaverse should be a decision made in accordance with one’s medium to long-term financial goals.
There is always a risk to consider and it is a decision that you have to make in your own mind. Above all make it with money that is not indispensable to you at the moment.
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