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[TECHNOLOGY] · United Kingdom · 2 sources

AI Adoption Accelerates Efficiency in Commercial and Residential Property Sectors

Artificial intelligence is becoming a key tool in both commercial real estate and residential conveyancing. In commercial real estate, AI can summarize reports, answer queries, and spot trends, but firms face a bigger obstacle: fragmented and poor‑quality data. Without organized, reliable data, AI outputs risk being inaccurate or misleading.

In the United Kingdom, smaller conveyancing firms are leveraging AI to gain a competitive edge. Adoption has surged from 39% to about 80% of firms in a year, with firms that use AI designed for specific conveyancing documents seeing faster document review, reduced transaction times and better support for junior staff. These firms cite faster technology adoption, local knowledge and streamlined decision‑making as advantages over larger, volume‑driven competitors.