Real estate is known as one of the most lucrative businesses in the world, which is not limited to physical business but also extends beyond it digitally.
Mobiloitte is here with another interesting blog to blow your mind away with the Investment Potential of Metaverse Real Estate.
You must be wondering, Who would really buy property in Metaverse?
Well, you'll be surprised to know multinational companies like Adidas, Atari, Ubisoft, Binance, Warner Music, and Gucci are just buying land and construction experiences to sell and promote their products and services.
With the trends of Metaverse, realtors can now showcase properties to potential purchasers worldwide, crossing through traditional borders of investment and reaching a more convenient and conventional form of property investment.
Market Statistics
The Metaverse market is projected to reach a value of €1.9 Billion in 2024. This market is expected to show an annual growth rate (CAGR 2024-2030) of 40.09 per cent, resulting in a projected market volume of €14.7 billion by 2030.
"India is a part of this growing market segment"
With that being said, let's quickly dive in and explore the potential of Real Estate in Metaverse so that you get to know why you should put your capital in it and what it would give you in return.
Why should you invest in Metaverse?
Investing in Metaverse gives individuals some unbelievable benefits for the real estate industry, varying from marketing to sales to ownership, renting, and community building.
The Gulf Cooperation Council are racing to adopt Metaverse. According to the latest market statistics, Metaverse will uplift the GCC economies by 2030. Saudi Arabia is one of the top metaverse economies with an investment of $7.6 Billion, whereas UAE is about $ 3.3 Billion.
There's another catch to this: UAE announced the launch of its Metaverse Strategy, thus being firm on generating more than 40000 Metaverse jobs in the coming years. This whole market is mainly driven by young, tech-savvy individuals.
In 2024, the United States is expected to generate the most elevated market volume, with a predicted value of €21.0 billion.
India's Metaverse market is roaring, with an overflow in virtual reality gaming and augmented reality ventures.
Potential Use Cases of Metaverse Real Estate
Real Estate Listing | Property Tours | Property Transactions | Property Showcases | Property Development | Property Management | Property Investment | Property Events
| Property Marketing | Property Analytics | Property Ownership Records | Property Financing Options | Interior Design and Customization | Community Engagement and Interaction | Property Security Measures | Property Accessibility Features | Property Environmental Impact Assessments | Property Legal and Regulatory Compliance | Property Maintenance Services | Property Support and Customer Service
List of top companies in Metaverse Real Estate Market:
Axie Infinity
Cryptovoxels
Decentraland Foundation
Linden Lab
ShibaLand LLC
Somnium Space LTD.
SuperWorld Inc.
TandB Media Global Thailand Co. LTD.
The Sandbox
The Voxel Agents
Uplandme Inc.
Benefits of Investing in Metaverse
Streamlines Realtor Efforts and Time Management
Running around with the Real estate agent to check properties can be immensely tiresome, plus the search would be endless till the client finds what they really want.
Metaverse changes the whole game here by saving the realtors' and the clients' time by allowing them to view houses for sale from the comfort of their couch. They can view this via smartphones, laptops, smart TVs, etc. This will cut down a lot of time and physical effort of both the realtor and client thus making the purchase process effortless.
Enables Worldwide Exposure
With the help of Metaverse, Real Estate agents can up their productivity through Virtual Reality as it not only provides comfort but also extends clients' reach, opening the doors of sales and enquiries.
The Metaverse market is projected to reach a value of €1.9bn in 2024.
This market is anticipated to show an annual growth rate (CAGR 2024-2030) of 40.09%, resulting in a predicted market volume of €14.7bn by 2030.
By 2030, the number of users in the Metaverse market is expected to reach 442.2m users.
The user penetration rate is projected to be 10.2% in 2024 and is expected to increase to 29.2% by 2030.
The average value per user (ARPU) is expected to amount to €13.3.
Delivers Engaging Customer Experiences
As we all know, 3D animation has changed the perspective of the world and will continue to do so with the increasing adoption of the Metaverse. 3D walkthroughs can help real estate agents, and clients walk through the virtual space and view the location. This opens a new avenue to property tourism.
Customers can have their own space through which they can walk through the virtual replica of the property and ask doubts. The virtual space has the potential to be developed with the smallest details of the property design. They can even get a better view of the balcony, measure storage area and wardrobe space, see natural lighting projection from windows, and so much more. All these factors can make buying a property more fun and easy.
Empowers Homebuyers with Endless Design Possibilities
Quite often, Clients are very finicky about the layout and design of the property. Along with this, interior design plays a big role since that's what attracts the buyer. Setting up large furniture can be a lot of trouble and can also limit clients' design options.
Metaverse can solve this with flexible design and customizable options. Thus giving the client design and personalization liberty as per their preferences.
Instantaneous Financial Services
The Metaverse, with its vigorous characteristics, enables banks to deliver real-time benefits. Everything can transpire instantly, regardless of time or place, whether consultations, transactions, or dispute resolutions. This can drastically increase customer satisfaction and upscale banking operations.
There's a lot more that Metaverse Real Estate has to offer; we've just scratched the surface of its potential.
Are you ready to take your business into the immersive world of Metaverse real estate?
If you've been contemplating development, let us show you the extraordinary opportunities it holds for your enterprise.
Creation of virtual real estate spaces within the metaverse, allowing businesses and individuals to buy, develop, and sell virtual properties. Virtual properties can include virtual homes, offices, entertainment venues, and more.
Join us in shaping the future of real estate, where boundaries dissolve, and imagination knows no limits. Let's embark on this journey together, turning virtual dreams into tangible success stories. Elevate your business to new heights with Mobiloitte's Metaverse real estate solutions. Dare to innovate, dare to stand out – the Metaverse awaits."
Key Modules
Metaverse Real Estate Development
Augmented Reality (AR) Virtual Property Tours
Blockchain-based Property Ownership Records
Metaverse Property Management Systems
And many more.
Get in touch with us today to learn more about our platform, discuss your virtual property needs, or inquire about partnership opportunities.
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