Dame Janet Paraskeva, chair of the specialist property law regulator, the Council for Licensed Conveyancers (CLC), assesses the digital future of home-buying in NLJ's property supplement this week.
A ‘new wave’ of technological innovation, such as artificial intelligence, will soon hit the property sales industry.
‘It is easy to imagine that machines could be taught to produce draft reports on title and draft contracts of sale once the necessary information is supplied,’ Dame Janet says.
‘But it could potentially go beyond that to deliver advice and support to clients, responding to their questions automatically.’
Dame Janet predicts clients will raise their expectations of service providers and become more demanding. Clients are likely to compare their solicitors to other service experiences, such as car insurance or travel bookings.
Also included in NLJ’ s supplement is an article on the perils of Japanese Knotweed; a review of the first book to focus solely on mortgage receivership, which is currently on the rise in residential property; and a close examination of two recent cases on restrictive covenants.
