Second Life Land Prices Down 30%
Posted in E-Commerce, Second Life, Virtual Markets, Virtual Reality by wayne.porter on June 13th, 2008 Second Life Land Prices Down 30%
Mappa Novus reports that average land prices have declined by 30% over the past 30 days, from 16.3 L$/m2 to 12.5 L$/m2 .
“Similar drops have been noticed in the past and have represented a good potential buying opportunity with periodic upswings allowing a sell off for profit. the amount of this decline is more significant than past trends however, which may represent a tighter economy.”
I have not experienced a drop off in spending based on analysis from our MicroPepper product (an e-commerce system designed to vend), people still seem to be spending on a wide variety of niche products- hopefully I can put out some of our own analytics soon. In addition I have not noted any land bot activity which is unusual, but I have not tested enough to validate this.
It is noteworthy that void sims, also called open spaces, are now prime and ready on the market starting at $250.00 up front to $75 a month.
An existing region can also be converted into four Openspaces, although you cannot convert your last remaining region; you must own a private region to be able to own an Openspace. They are provided for light use only, not for building, living in, renting as homes or use for events. As a stretch of open water for boating or a scenic wooded area work well, and places like Caledon, have supplemented their builds with void simsm.
*Each of the four is limited to only 3750 prims.
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