Most Agents Don’t Know How Much They Spend On Viewings

Here at EYESPY360, we recently conducted a survey in which we asked real estate agents currently using our platform a few questions to find out the state of play in the industry right now. Along with seeing how our users were finding the EYESPY360 virtual tours platform, we also discovered some interesting information about agencies. One of the sections that surprised us most was that so many users had no idea how much their agency spends on property viewings.

Property Rights in Augmented Reality

We don’t need to tell you that augmented reality is on the rise. Apple’s new iPhone X and their latest iOS update have made that clear as day. This is just the beginning. It may seem a strange idea, but it’s anticipated that AR glasses (and even contact lenses) may rise to be the new norm in coming years. But even in these relatively early stages, where consumer access to AR is mostly limited to the smartphone, there are some ethical, legal, and regulatory issues being raised, particularly when it comes to physical space and property.

Physical Tours Versus Virtual Property Tours: What's Better?

There is a debate afoot in the Real Estate industry. New 360-degree photography and video, as well as fully immersive virtual reality property tours, are changing the way that we show potential buyers around properties. This new technology has delighted many agents who are reaping the time- and cost-saving benefits offered by VR. On the other hand, there are the traditionalists, who argue that you simply cannot beat the human interaction and true engagement with a property that you get from viewing it in person. 

How EYESPY LIVE Will Reduce Property Marketing and Showing Costs

Estimates suggest that estate agents currently spend around £650 million a year on property viewings alone. That is a huge wastage for the industry and could spell doom for some, particularly smaller agencies. Luckily, however, technological developments in the property sector (PropTech) are already helping alleviate some of this substantial cost.

Bringing Accessibility To The Disabled With Virtual Reality Tours

Virtual reality tours have been hailed as a kind of Holy Grail for the disabled. For moments at a time, a disabled VR user can forget their disability and have experiences they may never have had the opportunity to do before. Virtual reality tours of faraway places, places that are difficult to travel to, can free the disabled user to experience these places as though they were actually there. However, virtual reality tours work at much closer range than this, and beyond entertainment, the experiences the technology offers can have very practical applications for disabled users.