Virtual 3D Tour Assistance in Real Estate Management

Leimontaitė Lina () and Naimavičienė Jurga
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Leimontaitė Lina: Vilnius Gediminas Technical University, Vilnius, Lithuania
Naimavičienė Jurga: Vilnius Gediminas Technical University, Vilnius, Lithuania

Baltic Journal of Real Estate Economics and Construction Management, 2023, vol. 11, issue 1, 153-159

Abstract: Over the past decades, more efficient real estate management opportunities have significantly expanded and improved. Complex methods, innovative techniques, and a constantly evolving spectrum of information technology have become readily available for common use. When managing real estate for short-term or medium-term rentals, planning, servicing, and ensuring accommodation quality are inseparable aspects, as is providing suitable housing. This process begins at the very first step when potential tenants request a viewing of the preferred property. The situation of the past few years demonstrated that the real estate business was one of the most affected economic sectors by the COVID-19 pandemic. Potential buyers or tenants could no longer physically visit and experience the space as before. Faced with this new reality, there was a need to find a tool to enhance the real estate management strategy by presenting the property. One such tool became the 360-degree photography and virtual tour. The aim of this study is to assess the practical applicability of 3D video tours and evaluate the advantages and drawbacks in short- and medium-term rental business.

Keywords: Real estate management; 3D video tours; innovative techniques; short- and medium-term rental business (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:11:y:2023:i:1:p:153-159:n:7

DOI: 10.2478/bjreecm-2023-0010

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