TECHNOLOGY
After Facebook rebranding to Meta , land value in several metaverses rose by 1000 %. Most buyers see this as a chance for long-term investment . Early adopters believe buying virtual property at the moment is akin to buying real estate in London 80 years ago .
lots of interest . Those near hubs and commercial places attract the best rates because of higher traffic .
SOURCE : Bisnow ; Bankless Times
Enthusiasts , however , find more value in developing their own real estate plots , or ‘ parcels ’ as they are called in the metaverse . Depending on the project features , you can build on your land , invite friends , and socialise with them .
Others , however , have found it profitable to lease their lands . Most metaverse projects have limited land sizes . Lands in attractive areas , therefore , attract
Neale Petersen Founder & Editor-In-Chief REI
162 AUGUST 2022 SA Real Estate Investor Magazine