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Virtual reality (VR) has been the next big thing in real estate for a few years now, and there is still so much untapped potential. According to research conducted by The Insight Partners, the value of the global VR market was $27.96 billion in 2021 and is expected to reach $252.16 billion by 2028.

While a number of different industries benefit from applying virtual reality, real estate is definitely one of the biggest winners. Due to the visual nature of the property industry, VR has been able to find various uses that allow stakeholders to operate in a more efficient and generally better way.

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In this article, I take a look at five ways in which you can start using VR to give your real estate business a boost, regardless of whether you are an agent, property manager, developer, investor, landlord or Airbnb host.

 

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