University Cribs, the online platform for student property rental, has announced the introduction of its virtual reality software for property viewing.
Students will now be able to view more properties, in greater detail, than ever before – and do so at their own convenience using University Cribs’ virtual technology software.
Following the business’s £450,000 seed funding, University Cribs has brought to market an end-to-end solution for accommodation providers and letting agents, providing 360-degree photography, image stitching and VR tour creation.
By digitising the property search process, University Cribs hopes to capture additional value in the student rental market.
With the average student living with four others, VR viewings will allow students to view potential properties on demand, free from the time constraints of lectures and part-time work.
This follows University Cribs May 2017 research, First Class, which found that the majority of students will work alongside university studies during the year.
University Cribs also found that 71% of students would be more inclined to book a viewing following a virtual tour of a property.
Dan Jefferys, co-founder of University Cribs, said: “Our goal, and what drives us here at University Cribs, is to use digital technology to improve and find value in the student housing market. We want to help students find a place they can call home.
“The use of Virtual Reality in the property industry previously emerged in high-end luxury sales, but we see its real value in student rentals – an international market with multiple parties conducting property searches on a frequent basis.”
In 2016, 120,000 students that joined the university system in England and Wales came from other countries, accounting for an estimated 23% of the UK student population.
The University Cribs First Class report also found that fast internet is the most common sought-after feature when choosing a property at 83%.
Other important considerations for students include double beds in a bedroom (56%), bills included (63%) and good storage space (61%).
Launching the software, University Cribs has also initiated a search for Britain’s Best Student Properties.
The 10 best properties across the UK will be chosen in October and offered free virtual reality filming using the new University Cribs system.
Commenting on the launch of the search for Britain’s Best Student Properties, Christian Samuel, co-founder of University Cribs, said: “The student market is changing for the better, and we are seeing a conscious effort made by landlords to provide accommodation suitable for the work-conscious and ambitious UK student population.
“The majority of UK students now pay more than £100 per week in rent, and we hope that the introduction of virtual reality to the market will further drive the trend towards
“There are plenty of great student homes in the UK, and we look forward to the opportunity to highlight and reward Britain’s Best Student Properties.”
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