Source: Landmark
During the Common Ground discussion, participants identified three primary challenges: an unpredictable market, communication gaps and siloed information, along with the impact of prolonged transaction times. They highlighted the difficulties in maintaining consistency amidst fluctuating market conditions and the importance of streamlined communication to reduce delays. A recurring theme was the pivotal role of technology in cutting down transaction times and boosting efficiency. The group also acknowledged the immense potential of data to streamline processes and enhance transparency.
Landmark’s recent market research highlighted the top frustrations in the transaction process across various sectors. The research, which involved hundreds of estate agents, conveyancers, surveyors and lenders, revealed common pain points shared by property professionals throughout the transaction chain.
Simon Brown, CEO, Landmark Information Group said: “This conversation reveals a deep, shared commitment among property industry professionals to overcome challenges and drive positive change for the benefit of everyone. By fostering better communication, embracing technology, and working collaboratively, the industry can improve efficiency and deliver exceptional service to clients. The collective effort to modernise and streamline processes is essential for the future success of the property market.”
Click here to view the Common Ground video: https://hubs.la/Q02DxDx80
