The Open Property Data Association (OPDA) has welcomed independent research that found industry and Government need to work together to create a property data trust framework.
The report, published by TPXimpact and commissioned by the Digital Property Market Steering Group (DPMSG), set out the case for shared data standards to make sure systems in the property sector can work together smoothly.
It recommended Government, industry and DPMSG join forces with OPDA to co-create a trust framework for smart property data and homebuying.
The research highlighted the work already done by OPDA’s members and recognised their efforts to drive adoption of data standards.
It also noted that some firms are already helping to make the homebuying process smoother through collaboration.
Standardisation and collective governance were flagged as important for improving the customer experience.
Maria Harris (pictured), chair of OPDA, said: “This report provides a clear and independent perspective: data, trust and interoperability standards are the foundations of the property market’s future.
“The recommendation for government and industry to work with OPDA on co-creating the trust framework reflects the progress our members have already made, and the vital role standards will play in enabling a simpler, faster and more secure homebuying process.
“Delivering this change is inevitable and the best way for us to predict the future is to create it.”
