Jones Lang LaSalle’s 2012 Global Real Estate Transparency Index, which now extends to cover 97 markets, reveals renewed impetus in transparency improvements across the world’s real estate markets. Finland and Sweden are among the top ten transparent real estate markets in the world while Hong Kong ranks 11th, representing the highest transparent real estate market in Asia.
Following the slowdown in progress that was observed in several countries in the immediate aftermath of the Global Financial Crisis, the 2012 biennial survey highlights steady improvement during the past two years. Nearly 90% of markets have registered advances in real estate transparency since 2010.
The United States ranks as the world’s most transparent real estate market in 2012, followed closely by the United Kingdom and Australia; New Zealand sits in fifth position and Canada is in sixth place. They are joined by several European markets – Netherlands (4th), France (7th), Finland (8th), Sweden (9th) and Switzerland (10th), which together constitute the world’s ‘Highly Transparent’ markets.
Compared with other mature markets, house sellers usually cannot provide reliable and full information in Taiwan, China, India and other emerging countries in Southeast Asia, while transaction processes are not entirely open and fair, according to the report.
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