Earlier this year a new property record was set. Interestingly enough, for the sale of virtual property. One investor has paid $US6 Million ($5.7 Million) for ‘Planet Calypso’ – a fictional place on a social gaming website.
This might seem a little crazy, but this kind of thing could be the way forward for real estate – investing virtually, not physically. The purchaser of Planet Calypso makes money on the investment by selling virtual homes and taxing other gamers to enter the planet. Planet Calypso processed $US428 Million, in player to player transactions in 2010 alone.
Many people are there for fun and shy away from actually spending money a substantial amount of money in these online social arenas, however some of those who have invested time and money have seen some pretty big returns – one in particular around $US150,000 a year.
It may appear less attractive to many than investing in real physical real estate for most people will want be to able to touch or feel their new purchase, however with the progression of so many things online, it really is anyone’s guess as to what these kind of real estate transactions hold for the future of virtual property.