Now is the time to engage with property market reform warns OPDA
Summary
The Open Property Data Association is urging conveyancers and the wider property market to engage now with planned reforms to the home buying and selling process, rather than waiting for government mandates. The article highlights growing adoption of digital tools such as qualified electronic signatures, digital identity verification and open finance data, alongside a government roadmap aimed at making transactions faster, more transparent and less failure-prone.
Why it matters
Residential property surveyors are part of the wider transaction chain and may be asked to provide or consume more structured, reusable property information as digital reform progresses. The shift toward upfront data collection and shared standards could affect how survey information is prepared, exchanged and relied upon across the market.
Key points
- OPDA says firms should engage early with property market reform to protect competitiveness and customer confidence.
- Digital tools already in use include QES, reusable digital identity verification and open finance data.
- The Government’s Home Buying and Selling Reform Roadmap sets out a direction for a more digital and connected process.
- The panel stressed that smaller and independent firms must not be left behind by digitisation.
- Industry is being encouraged to adopt voluntary trust, accreditation and data-sharing standards now.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
