HOUSE-BUYERS can now have viewings for physical properties in the metaverse thanks to a new collaboration.
Two companies have joined together to open an office in Decentraland.
Metrovacesa, an estate agent with more than 100 years experience in Spain, worked with Datacasas Proptech, a new startup specialising in online properties sales, to create a virtual real estate office.
Those looking to buy a home will now be able to visit the space to find out more information about properties in the physical world.
They can be given a virtual tour by a salesperson, view videos of the building they are looking to purchase, and view construction plans and layouts.
Metrovaces said: “It will feel like walking through a shopping centre designed in 3D.
“The user registers on Decentraland, creates their avatar, and can walk through the metaverse and interact with companies that have bought or rented land there.”
Malaga Towers, a three building project being built in Spain, is among the first to feature in the metaverse estate agency.
The towers of 71 luxury beachfront homes with direct sea views are still under construction so cannot be viewed in person in the physical world yet.
Some of the properties are worth more than $1million.
In the metaverse, potential buyers will be able to work around the properties for sale and check out the luxury communal spaces on offer including three swimming pools, a gym, cinema, and children’s play area.
Metrovacesa’s Director of Sales, Marketing and Innovation, Carmen Chicharro, said the new virtual office will bolster the company’s offer to clients.
She said: “With their digital customer profile, buyers can acquire a physical or virtual home, and use forms of payment and investment through NFTs.
“We want to analyse whether there is a new business model in the metaverse.”
Real estate and the metaverse have grown from strength to strength together in recent months.
The value of sales of digital properties in January alone was $85million and some analysts are now predicting sales for metaverse land – known as parcels – to near the $1billion mark by the end of the year.
With prices for property on platforms the Sandbox, Decentraland, Cryptovoxels, and Somnium surging, it is now even possible to take out mortgage for virtual land.
Metaverse developer TerraZero will give a loan to those unable to afford the upfront costs, so long as they pass a credit check and have the necessary deposit.
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