Study: Metaverse real estate sales to grow by more than $5 billion by 2026
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Study: Metaverse real estate sales to grow by more than $5 billion by 2026

According to Technavio analysts, the volatility of the virtual real estate market will be influenced by movements in cryptocurrency markets.

Technavio forecasts an exponential growth in metaverse real estate markets by 2026 according to its report. Technavio predicts that this market’s total volume will increase by $5.37 Billion (that’s right, tens of thousands). Two factors will drive growth.

The first is that users will not only be able to have fun with virtual reality but can also work and do other useful things. The popularity of cryptocurrency will make virtual real property more accessible and easier for people to rent, buy, or sell.

The situation will allow digital property owners passive income. The report warns that not all is rose-colored. Virtual real estate is very different to real estate.

The price of virtual land is not comparable to the pricing model for the real world. The price of virtual assets, such as real estate, will be influenced primarily by how buyers perceive it. According to the study, this usually leads to significant fluctuations.”

Quote fluctuations can adversely affect investment by companies and investors interested in new areas for investment. North America is the region with the highest interest companies. This region is responsible for 41% percent of all investments in expanding the deployment and use of applications related the Metaverse.

 

Study: Metaverse real estate sales to grow by more than $5 billion by 2026
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