REIP: simpler exchange of property information

Name: athumi
Price range: $

Buying, selling and (re)building a property involves multiple parties who need to exchange lots of data. Real Estate Information Platform (REIP) makes validated real estate information easily retrievable and quickly available to consumers, businesses and public administrations.

Real Estate Information Platform (REIP)

The Real Estate Information Platform (REIP) makes validated real estate information readily available and:

connects real estate sector actors with consumers and administrations
allows easy data sharing and collaboration
speeds up processes and make them cheaper
standardises and simplifies procedures

Real estate transactions require a lot of digital and paper documents. Real Estate Information Platform centralises requests to the various levels of public administration at a one-stop shop, to speed up responses.

Real Estate Information Platform provides a solution that ensures that all parties involved find each other quickly to exchange data.

"Every year, 130,000 real estate transactions take place in Flanders for which notaries need information. Requesting that information takes a lot of time and requires a lot of research. The Real Estate Information Platform changes this."

Tom Vanautryve

Cluster Lead - Real Estate Business at Fednot

Real Estate Information Platform – a well-structured data model

All Real Estate Information Platform products have been built onto a standardised data model under agreed management and governance. The platform retrieves the correct data decentrally from official sources and supplies them to the requestor. The data can be exchanged easily via integrated software (API) or a user application.

The first product, 'Real estate information for transfer', was launched in the autumn of 2022. Sharing the information via the Real Estate Information Platform will become a legal requirement in 2024. We will expand the platform in the coming period by adding other real estate information 'products'.

REIP for your business

The demand for information regarding real estate is constantly growing. REIP keeps its finger on the pulse of the real estate world and responds swiftly to new (legal) evolutions.

Do you see ways in which REIP may benefit your real estate activities? Try our innovative data ecosystem and experience how it facilitates cross-sector collaborations, encourages product development and boosts service delivery.

Leveraging data through Data Collaboration Platforms makes information available and reusable, enabling new business models to emerge. This way offers companies, governments and consumers plenty of opportunities for cross-sector collaborations, product development and improved service delivery.

Would you like to participate in the data economy? Do you have ideas for a collaboration with the Real Estate Information Platform or other Data Collaboration Platforms? We would be happy to explore the possibilities with you.

Frequently asked questions about REIP

Who uses the Real Estate Information Platform?

Notaries and estate agents routinely request Property information. In the future, other parties such as government agencies, private companies, other professional applicants and individuals will use the platform to make informed decisions concerning property development and other real estate activities.

REIP is an Athumi initiative in cooperation with: the real estate sector (Confederation of Real Estate Professions in Flanders (CIB)) and the Royal Federation of Belgian Notaries (Fednot), local authorities and the Flemish Association for Cities and Municipalities (VVSG), Digitaal Vlaanderen and the Environment Department of the Flemish Government.

Which data sources does Real Estate Information Platform use?

The platform retrieves (a combination of) data from various public administrations. In the case of municipal information, the municipality provides information validated by them.

What data does Real Estate Information Platform facilitate?

Real Estate Information Platform provides a platform that facilitates information gathering, validation and transmission. It yields relevant information about a property, such as permits, whether a parcel is located in a flood area, soil quality and so on.

How was the REIP created?

A few years ago, pain points were raised by the real estate sector and local authorities with Digitaal Vlaanderen (then Informatie Vlaanderen) that were experienced in the process of obtaining real estate information. At the same time, the request came to find a solution to this together.

A feasibility study, financed by the real estate sector, was carried out by Digitaal Vlaanderen during 2019-2020 but in direction with the main stakeholders. At the end of this process, a solution was proposed with a number of concrete benefits:

efficiency gains
more legal certainty
less interpretation margin
better information flow and transparency

This project was worked out and submitted to the Flemish Government with the request for pre-financing. This (Dutch) document can be found here.

Our experts

Sammy Parmentier

Lead Business unit Real Estate

LinkedIn-profile

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