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Should the UK have a national register of property?

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  • Should the UK have a national register of property?

    One of the real pains for me as a buyer is that even though I'm looking in a very niche area, I still have to reference lots of different websites to get an idea of what's happening in the market.

    Does the UK need a single national register of available properties, like they do in some European countries (I think France has one), so that sellers can maximise their exposure, buyers maximise their options, and estate agents are left having to compete to be the best option for the seller/buyer?

    On the one hand, it would make me buying options seem easier - but on the other hand, I may be able to find a small agency where I can find a good property with less competition.

    What do you reckon?

  • #2
    Property Register

    Seems like an unneccessary additional expense, who would pay for it, who would run it?

    There are property sale aggregators out there even if only on a local level, there is at least one for my area which does it at no cost for the seller and no effort on the part of the agent, so maybe on a local level it's already there...
    Mark
    Bridging Loans | Property Development Finance

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    • #3
      The trouble is the aggregators aren't very comprehensive - even where I'm currently living, near Stirling, there are places such as ESPC and GSPC overlapping, then there are the larger independents such as Clyde Property, Your Move, and it seems various others as well.

      It's a bit of a pain to have to check up multiple sites and then track down estate agents not listing their properties in the bigger aggregators. I figure it's not helpful to either buyers or sellers.

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      • #4
        Though there would be an obvious cost to putting a registar together. I believe this would be justified by the return if it is done properly.

        So I'm all for it.

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        • #5
          I'm curious - is anyone aware how such schemes are run in the USA and Europe? I presume it works fine in such countries...

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