Global Real Estate Transparency level, 2018

The GRETI 2018 survey reveals a global real estate market that is becoming gradually more transparent; and, encouragingly, 85% of countries surveyed have registered an improvement since 2016. However, progress is still too slow in an environment where investors and businesses, as well as society at large, are demanding far higher standards and where an emergent prop tech industry is fuelling expectations of a significant improvement in transparency.

Highly Transparent:

The world’s leading investment destinations, pushing the boundaries of transparency.

The United Kingdom leads the way. Sweden moves into the top group, while the Netherlands is one of the top improvers.

Transparent:

European and, increasingly, Asian markets which have strong regulation and good governance. Market fundamentals data and performance measurement are areas for improvement.

Singapore, Hong Kong and Japan sit on the verge of ‘Highly Transparent’, while South Korea enters group of ‘Transparent’ markets.

Semi Transparent:

Dominated by large emerging markets, including the BRIC economies. These markets have made steady advancements in recent years, but need to address issues of corporate governance and regulatory enforcement if they are to progress.

Dubai, Thailand and India are among the top improvers – while the major emerging markets (the ‘Big 8’) sit on the edge of the ‘Transparent’ tier as improvements plateau.

Low Transparent:

Emerging destinations in Africa, the Middle East and Latin America, where market tracking and real estate regulation are still nascent.

Colombia, Costa Rica and Myanmar are among the global top improvers, with Myanmar the most improved market in GRETI 2018.

Opaque:

Emerging markets, often hampered by geopolitical and economic challenges. With limited regulatory frameworks, these markets are vulnerable to regression.

A number of markets show regression, as Venezuela takes its position as the least transparent market.

Reference:

JLL: LaSalle Investment Management "Global Real Estate Transparency Index 2018"