Global realty investment transparency rises
Real estate market transparency is increasing across the globe and 75 per cent of investment now takes place in highly transparent markets, according to the latest global real estate transparency index from international property advisors JLL.
Globally, transparency scores have increase by an average of 2.4 per cent from 2014 to 2016, down slightly from the 2.9 per cent recorded in 2010 to 2012 and the 3.4 per cent from 2012 to 2014. This is being done through new legislation to reduce roadblocks to progress, by setting higher ethical standards and by taking steps to make transaction processes more fair and transparent.
The Anglosphere countries continue to dominate the upper echelons of the transparency hierarchy accounting for six of the world’s 10 highly transparent markets with the United Kingdom, Australia, Canada and the United States in the top positions.