International Real Estate Data Exchange Council (IREDEC) formed


Five leading international data standards organizations, FIDJI (France), gif (Germany), INREV (Europe), OSCRE International (UK, North America), and REDEX (Netherlands) have formed the International Real Estate Data Exchange Council (IREDEC) and signed a collaborative agreement. The intent is to harmonize existing international data exchange standards to meet the requirements of investors, fund managers and service providers of cross border investments…

OSCRE is an international not for profit member-based organization focused on the collaborative development of real estate standards and their implementation around the world. The collaboration will begin with the development of a common data structure which will enable conversion between existing national and regional models. IREDEC will also engage in a validation phase of the methodology with international practitioners…

Based on a methodology of FIDJI, the potential savings of an implementation of an efficient data management approach in the European real estate industry could be more than 1 billion EUR per year. IREDEC encourages other organizations to join in their efforts to develop a common data structure for the real estate industry and to support implementation globally. For more information, please contact the Council via e-mail at iredec@oscre.org.

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