Project 28 marks first anniversary with industry gathering
Summary
Project 28 marked its first anniversary with an industry event focused on accelerating residential transactions toward a 28-day exchange target. The discussion centred on upfront information, earlier risk identification, and closer collaboration between conveyancers, lenders, estate agents and technology providers to reduce delays and improve certainty.
Why it matters
For residential property surveyors, the push for earlier and better property information may increase demand for condition reporting and more structured data at the start of a transaction. It also signals a broader market shift toward faster, more coordinated conveyancing processes that could affect how survey findings are used and shared.
Key points
- Project 28 is promoting a 28-day exchange target for residential transactions.
- The anniversary event focused on upfront information, re-sequencing transactions and cross-sector collaboration.
- Panelists said earlier access to data could help identify legal and transaction risks sooner.
- The initiative’s commitments include early conveyancer instruction, condition reports, trusted data and secure data sharing.
- Leasehold packs and quality standards were highlighted as part of the wider efficiency agenda.
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