The global pandemic that we find ourselves amid has had an adverse effect on many different industries, and many people’s livelihoods in general. Despite this, some investment markets have been successful, and continue to present opportunities for those that can invest some of their money for the future. However, with restrictions in place, some investment strategies, and asset classes (such as property investment, for example), are more complicated than ever to get involved with.

Interested in finding out more? Here’s a look at how one property investment company is using virtual reality technology in order to bridge the gap between investment and investor.

The ‘Virtual Viewing’

Helping to bridge the gap between property investment and prospective buyer, Liverpool-based investment firm RWinvest (also with offices in Manchester and London) are offering a unique, technology-based solution that has been increasingly tailored to those enquiring remotely during the pandemic. Providing high-quality 3D images that can be viewed through an inexpensive VR headset (even one that connects through your mobile phone), those interested in looking at a property that they can’t get to can have the next best thing – an immersive, first-person perspective on the property. Those who don’t have access to a VR headset can instead use the in-built accelerometer on their smartphone when viewing the file to still get an immersive option.

Alongside this immersive view of a potential property that they can provide to investors, other materials include podcasts, video guides and downloadable pdf ‘eBooks’, providing those deciding to invest their money from the comfort of their own home with everything they might need in order to make a well-rounded and informed decision on their financial future.

Of course, this investment solution isn’t just useful during times like these when we’re restricted from travel, but also for international investors that prefer to have a hands-off strategy, or for off-plan developments that have not been yet completed and so can’t be viewed safely.

Other Uses of Virtual Reality

Of course, investment isn’t the only use for VR that people have found to be beneficial during times like these, where we are unable to leave our homes as much and get things done as normal. Here are a few different examples of how VR is being used for other productive means during lockdown:

  • Many companies training colleagues on machinery and hardware that doesn’t yet exist will use virtual reality in order to show them the ropes and get them ready for the real thing in advance. VR is also used quite a bit in surgery practices and with dentist trainees etc, again training new starters and giving them first-hand experience without putting a patient in jeopardy.
  • Socialising and staying in contact with friends and family is extremely important for mental wellbeing, and so with lockdown stopping people from visiting each other’s homes and going out together as much, many are using Zoom calls and video chats in lieu of face-to-face interaction. VR can take this one step further, with experiments in holographic meetings and programmes like VRChat allowing people to meet in a virtual space.

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Joseph is Consett Magazine's writer of all things cool. You'll see him cover topics including I.T, Business, Food, Health and Fitness, and whatever else takes his fancy. If you've got an idea for a story, contact us


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