Conveyancing delays are a source of continued frustration among buyers and sellers
Ireland’s property surveyors have urged the legal profession to introduce a digital conveyancing system to stop the long delays that are hampering the property market.
The Society of Chartered Surveyors Ireland (SCSI) has submitted a proposal for an e-conveyancing system to the regulator of Ireland’s legal profession. The SCSI’s annual residential property review predicts a 5pc rise in prices this year.
In a submission to the Legal Services Regulatory Authority it said it seeks “to highlight the growing tension and delays on conveyancing, and the urgent need for e-conveyancing” to be introduced.
“Unfortunately, agents continue to report that conveyancing delays are a continued source of frustration for buyers and sellers.
"The Department of Justice is currently reviewing proposals to introduce a new professional title, ‘professional conveyancer’, with the aim of reducing legal fees and improving efficiency within the sales process,” it said.
Covid has increased the use of technology by estate agents, with 73pc making or considering “significant investment in digital technologies” it said.