Letting the light in
Seven European countries have been classified as “highly transparent” by JLL in the company’s 2018 Global Real Estate Transparency Index. The top 11 countries are among the biggest improvers since the last index in 2016 and headed by the United Kingdom, Australia and the United States.
The 2018 Index covers 100 markets and uses 186 different indicators to derive a global picture of real estate market transparency. JLL scores countries on a scale from 1 to 5, with 1.00 indicating very high transparency.
JLL says that steady progress is being made globally with 85 percent of markets showing an improvement in the two years. However, it raises concerns that the unprecedented changes in the market in the form of proptech, flexible office space and the maturing alternatives sector could negatively impact transparency.
The world’s highly transparent real estate markets