Octulus Rift, Google Cardboard or Samsung Gear VR? Is the future of property VR?

Octulus Rift, Google Cardboard or Samsung Gear VR? Is the future of property VR?

So, virtual reality isn’t exactly something new, but one thing is clear – VR is revolutionising the way we view properties and it does look rather exciting.

So what exactly does VR have to offer?

Could you imagine viewing a property that is hundreds of miles away from you or one that is yet to be fully constructed? Or how about having the capabilities to view ten houses in the same time it would take to travel and view one? These are some of the many benefits of VR for your agency. Virtual Reality offers viewers an insight into a property that simply cannot be shown by floor plans and photographs. Using Virtual Reality gives you a strong representation of a property in terms of the capacity of the house and its layout. Property marketing is undoubtedly enhanced with the use of Virtual Reality and we can expect to see more developments in the new year with Stats like these from VR Summit.

The Rise of VR

Virtual Reality has become one of the most exciting tool for property experts, and is expected to kickstart an era which will have technology at the forefront of everything. The thought of being able to collaborate the digital world to the physical world is no longer a far-fetched dream, it’s here and here to stay. Large brands are paying close attention to virtual reality, as numerous VR devices such as Octulus Rift, Samsung Gear VR and Google cardboard continue to make huge waves across several different industries. The potential of VR is huge and is likely to grow exponentially.

Why are we so interested in VR?

The media attention circling VR illustrates just how excited people are about VR, People are licking their lips at the prospect of using VR. The possibilities it brings combined with the time and money potentially saved is a very attractive proposition for the public. As technology continues to grow rapidly so does the demands of people who who want choice and accessibility. They want to be in control and have the ability to view properties when they want, wherever they may be. The thought of spending less and seeing more is an huge incentive for potential home-buyers and virtual reality provides this along with added engagement for house hunting.

What applications are we starting to see within the property industry?

There are many applications currently trending in the property industry, the one that seems to be making the biggest impression is Octulus Rift, priced around the £600 pound mark and owned by Facebook. A cheaper alternative would be Google Cardboard where you can hook your smartphone to a google cardboard to access virtual views for just under £20. Going back to a more flashier application, Samsung Gear VR can be purchased anywhere from £50-120, depending on the model.

Why should you use VR in your business?

Virtual Reality might have been seen as an speculative idea with not much purpose behind it, but that is no longer the case. More and more businesses are trying to find ways to formulate virtual reality into their strategy, with the hope of giving clients, customers and employees a better experience. VR completely immerses customers, it empowers viewers to see a product in action so they get a better feel before committing. Gone are the days where you would need to pay a manufacturer for a proposed design. Now you can just create a virtual model of your product and make changes before paying for production, saving a lot of time and money in the process.  

At Estate Apps, we are always ready to guide and advise people when it comes to digital related topics. Even though, we do not provide VR services ourselves, we would be happy to help get the word out about your agency and mention just how forward thinking you are. If you are unsure on what to do as agency or have any more queries about VR, do not hesitate to get in touch, we will be more than willing to help you stay ahead of the game!

By Alex Evans, Estate Apps.

 

Alex Evans

You May Also Enjoy

Estate Agent Talk

Commonhold White Paper – Thoughts from the Industry

The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the  ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More
Breaking News

Greenpeace Ruling Exposes UK Government Policy

In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More
Love or Hate Rightmove
Breaking News

Rightmove commentary on mortgage market + weekly tracker

Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More
Breaking News

Government plans to ban new leasehold flats

With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read More
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £4.2 billion in January.…
Read More
Breaking News

Right to Manage: changes to legislation come into effect on Monday

On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More