New Report Highlights Potential to Transform UK Property Transactions
PEXA UK has published a major new industry update alongside a new report from the Future Property Transactions Group (FPT Group), outlining how better digital coordination across lenders, conveyancers and technology providers could significantly reduce property transaction times and improve outcomes for consumers and businesses.
The report, “Future of Residential Property Transactions”, shows that improved digital data sharing, collaboration and interoperability can help cut completion timelines and address transaction failures that currently cost the UK housing market an estimated £1.5 billion annually. The findings emphasise the importance of shared data, aligned industry infrastructure and collaboration among stakeholders including lenders, conveyancers, technology firms, regulators and government bodies.
Commenting on the findings, PEXA UK - the UK arm of the world-leading digital property exchange platform — highlighted the role of collaborative digital adoption in creating faster, safer and more transparent property transactions. The report stresses that when industry participants work together around shared data and technology, practical and deliverable change becomes possible.
The full report and press coverage can be accessed below:
📄 Press release: https://lnkd.in/eR5kEfNn
📊 Full report download: https://lnkd.in/empw5thD
About PEXA UK
PEXA UK is part of PEXA Group - an Australian-origin digital property exchange and data insights business that facilitates the secure digital settlement of property transactions. Now scaled for the UK market, PEXA provides a single platform connecting lenders and conveyancers to improve efficiencies, reduce risk and accelerate remortgage and property transaction workflows