If you haven’t heard of GDPR and have done nothing to ready your property business for the impact this new law will have then you need to get moving … and quickly.
GDPR is short for the European Union General Data Protection Regulation and if you think Brexit means you can ignore the impact of yet more Brussels red tape, you are wrong.
GDPR affects every business that handles the personal data of European citizens.
That means property businesses who deal with buyers, sellers, landlords and tenants.
The regulations come into force from May 25, 2018.
The first compliance step is to identify if any of your customers are from the EU – which they will be if they are British until Brexit Day on March 31, 2019.
And if your estate or letting agency deals with EU clients after Brexit, you must still fully apply GDPR to your business model.