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What changes are needed to make the property market better for all involved? – London Wallet

Mark Helprin by Mark Helprin
August 24, 2023
in Real Estate
What changes are needed to make the property market better for all involved? – London Wallet
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Mike Harlow

A new Digital Property Market Steering Group (DPMSG) podcast series – Property with a View – has been launched.

Throughout the series, Mike Harlow, HM Land Registry’s deputy chief executive and director of customer & strategy, talks with leaders and influencers across the property sector about the changes that are needed to make the property market better for all involved, and how they can work together to achieve them.

The programme of content will feature leaders and influencers from all corners of the industry.

In this first episode – available on all podcast platforms and YouTube – Mike and the Home Buying and Selling Group’s (HBSG) Beth Rudolf talk about the need for change in the property market, the existing efforts of the HBSG, and how upfront information can support the transformation everyone is seeking. Along with a new LinkedIn page, the podcast will form part of DPMSG’s communications, updating the sector on the group’s activities, its’ joint launch event in September, and the progress of its four working groups.

 

 

The second episode of Property with a View will be available next month.

There is consensus across the property sector that the process of buying and selling residential or commercial property is unnecessarily complicated, opaque and stressful for all those involved. It is also too susceptible to failure – research shows that more than a quarter of all property transactions in England and Wales do not complete, at an estimated total financial loss of around £400m for those trying to sell. Government and industry bodies have now come together under a shared vision at a pivotal time for the property market.

Launched earlier this month, DPMSG will focus on the adoption of digital technology through collaboration and innovation across both residential and commercial land and property markets. DPMSG founding members are: Law Society; Conveyancing Association (CA); Council for Licensed Conveyancers; The Society of Licensed Conveyancers; Solicitors Regulation Authority; Royal Institution of Chartered Surveyors; Chartered Institute of Legal Executives (CILEX); CILEx Regulation; Council of Property Search Organisations; Propertymark; Building Societies Association; UK Finance; and HM Land Registry.

The DPMSG vision:

“We want everyone involved in buying, leasing and selling land and property to experience a secure and modern market that is transparent, customer-friendly and business-friendly at all stages. Through collaboration, innovation and a focus on emerging digital technologies we will build on existing progress across the home buying and selling system to get a better result for the customer: simpler, faster, more certain and less stressful.

“The membership and shared vision of DPMSG means it is well placed to join up with the delivery activity being led by other groups who share the same ambition for a better property market including the Home Buying and Selling Group (HBSG). This joined up approach is reflected in the co-hosting of the DPMSG launch event in September by Kate Faulkner OBE, Chair of the HBSG, and Mike Harlow of HMLR.”

 





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