While I've always maintained that Sony's PSVR 2 headset is a fabulous piece of kit, the £529.99 price tag was always going to be a tough sell for the masses.

Unsurprisingly, the hefty price tag (and lack of backwards compatibility) has seen the next-gen virtual reality device underperform at retail, especially compared to the original.

Fortunately, however, Sony has made the announcement fans have been waiting for, confirming that the PSVR 2 headset will receive a permanent price cut in March.

So if you've been thinking of picking up a PlayStation VR 2 headset, then you might want to wait just a few days longer to make the purchase.

Beginning in March, the PSVR 2 headset will be available for the new low price of £399.99.

According to Sony, the "starting date of the new prices and bundle availability may vary by country/region, so be sure to check your local retailer for details".

The device is currently still listed for £529.99 at retailers like Argos, so it looks like fans will have to wait a few more days in order to make the saving.

The new recommended price tag includes the PSVR 2 standalone bundle, as well as the version containing Horizon Call of the Mountain.

Both versions come with the PSVR 2 headset itself, as well as two PSVR 2 Sense controllers and a set of basic stereo headphones.

As Sony points out in a recent blog post, there's never been a better time to pick up a PSVR 2 headset.

Not only can you buy games like Alien: Rogue Incursion, Skydance’s Behemoth and Metro Awakening VR, but a recent update lets you use the device to play PC VR games like Half Life Alyx.

Sony explains more: "Using the PS VR2 PC Adapter, players will also have access to browse, buy and play thousands of virtual reality games on Steam.

"In addition, with a recent update to PS VR2, it now supports low-latency hand tracking, which allows developers to create games that tracks a player’s hand position and movement through the cameras embedded on the PS VR2 headset.

"Through this new feature, players will be able to experience intuitive controls in supported games such as Waltz of the Wizard."