Phoebus Software will share its “deep technological understanding of the property processes to help OPDA shape a future where industries adopt an open property data approach”.

OPDA is calling for open property data in the homebuying and selling sector and supports the “creation and adoption of data and technology standards to establish a digital, efficient and trusted homebuying sector for the benefit of everyone involved”.

It has created a property data trust framework, which is available.

Adam Oldfield, chief revenue officer at Phoebus Software said: “We want the property industry to evolve into a more digital environment, where the storing, accessing and sharing of data doesn’t create the barrier to efficient property buying and selling that it does today.

“The way that property data is used and reused, it’s like we’re reinventing the wheel at every transaction. With some 100,000 property transactions every month, it’s a great opportunity for the market to evolve into something that is so much better for everyone involved.

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“Whether you’re a buyer, seller, lender, conveyancer, intermediary or surveyor – we believe that trusted open data and technology standards are essential when making any kind of informed property decisions.”

Maria Harris, chair of OPDA, said: “Phoebus joining our community of experts is such great news. Having worked with Phoebus before, I recognise the value they can deliver to our ambitious digitisation plans. The opportunities are limitless for Phoebus to collaborate with other OPDA members and to share their experience and forward thinking to shape the data and technology standards behind the future of property transactions.”