TECHTALK RADIO: How real estate consultancy is adapting
More and more key real estate agents from across the UK have committed to start sharing their data as part of an industry led initiative to create a more accurate, reliable and timely view of the UK real estate market CBRE, JLL, Savills, Colliers International, GVA, Knight Frank, BNP Paribas Real Estate and Gerald Eve were among the first to commit to using Radius Data Exchange. They have now been joined by firms including Cushman & Wakefield, Lambert Smith Hampton, Farebrother, Bidwells, Carter Jonas, Alder King and Monmouth Dean, as the industry works towards creating the first complete view of the UK real estate market. The commitment will see the firms automatically submit deals and availability data through Radius Data Exchange, taking out layers of friction and wasted work hours and freeing up employees to do more valuable work. Andy Martin, UK chief executive of BNP Paribas Real Estate, says the establishment of Radius Data Exchange was a necessary next step in the evolution of the consultancy world. “We all saw that we were collecting our own data so thought wouldn't it be easier if we actually spent time looking at how we could create trends information, rather than on collecting the data,” says Martin. “Clients want to know what the data means, not what the data is. So in some respects that was the obvious place for us to fix. The industry knows how to come together on important projects and this is just another way in which we can work together for common good.” To read more on how the UK's agents are adapting to a data-sharing future visit www.egi.co.uk/news To find out what Radius Data Exchange can do for you, visit www.egi.co.uk/radiusdx