2021 is well underway, and yet the pandemic continues to put many businesses on a standstill. The UK government has spoken about returning to normalcy around Easter-time this year, but the previous year of lockdown has brought about new challenges for millions around the globe.
For business, virtual reality has become a revolutionary tool in communicating, and continuing to work proactively even from different locations, providing the next-best-thing solution with its immersion and realistic simulations once used for niche gaming experiences.
Are you interested in finding out more? Here is one specific example of breakthrough VR technology in 2021, and how the once-gimmicky google-based concept has proven invaluable over the past year-or-so in the property investment industry specifically.
Property Investment – The Remote Viewing
The property industry, not just in the investment field but in general, has been affected hugely by the pandemic. Housing market activity has stagnated somewhat, with many reluctant to sell their homes or look to move during such strange times, and home prices dipped slightly at the front end of 2020. However, the market is beginning to bounce back towards positivity, and VR has proven integral in continuing to help the investment market thrive throughout 2020 and beyond into 2021 as the pandemic is still prevalent.
Award-winning Liverpool-based property investment company RWinvest – with offices also situated in Manchester and London – is at the forefront of the virtual reality trend in the property investment sphere, using the technology to connect savvy investors with potentially lucrative opportunities.
Of course, the traditional viewing experience is a difficult one currently. Still, by using VR, investors can get a fully immersive, 3D view of their chosen property, looking around and getting a feel for the place better than you could do with a traditional set of images or blueprints/floor plans. Of course, these visuals are also supplemented with supporting materials and guided tours of investment areas by the company’s investment consultants, providing an efficient overall remote package in response to the coronavirus. RW are just one of many companies that have continued to thrive throughout 2020, with colleagues working from home to provide investors with the best opportunities possible given the current circumstances.
Existing technology repurposed
VR technology in the property investment world is not brand-new technology, as it has in fact been bridging the large gap between investor and investment area for a while now. Before the pandemic, savvy companies sometimes used it to connect international investors with their investment prospect of choice, again allowing them to view and decide on a physical asset from afar with a more well-rounded view and supporting information/investment materials.
Did you know? – VR isn’t the only modern piece of technology that has been used to streamline the investment experience for entrepreneurs in the modern-day. Of course, smartphone apps and services allow hands-off investors to quickly monitor their dynamic portfolios in a pinch. Drone technology has also been crucial in photographing and documenting progress on developments in progress, particularly on those within a cityscape. Drones, in particular, are expected to be used in the future in a different format for actual assistance on a construction site, holding up beams and helping teams to get jobs done more efficiently.
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