The United Kingdom Is The World’s Most Real Estate Transparent Country

August 27th, 2016 Posted in Global Real Estate

Global Real Estate Transparency Getting Better

Global Real Estate Transparency Getting Better

International property advisers Jones Lang Lasallo, or JLL, recently released their Global Real Estate Property Index for 2016. Today, I will provide some highlights from the report.

– Transparency scores seem to be improving, as there was an average 2.4 percent increase from 2014 to 2016.

– New legislation easing red tape, setting higher ethical standards, and enhancing transaction process to make it smooth and transparent are some of the reasons behind the progress.

– Some of the top transparent countries are Australia, Canada, United Kingdom, and United States.

– Some of the Sub-Saharan countries such as Botswana and Zambia are showing significant improvements.

– Some of the least transparent countries are Libya, Honduras, Djibouti, Senegal, Venezuela, and Ivory Coast.

– In the Middle East and North Africa region, Dubai (48) is the most transparent followed by Abu Dhabi (59).

Author/Copyright: Ahmed Dawn www.adawnjournal.com

– Saudi Arabia (63) and Egypt (65) have shown strong advancement and moved into the Semi-Transparent group.

– The top ten highly transparent countries account for 75 percent of the global commercial real estate investment.

– Capital injection into global real estate is rapidly increasing. The amount is $700 billion now, but is expected to exceed $1 trillion within the next decade.

– Panama Papers revelations have forced greater real estate transparency and helped fight international political corruption.

– Technology continues to help bring more transparency. Some of the countries that have used technology successfully to bring more transparency are Kenya, Ghana, and Ecuador.

– Six of the top transparent countries are in Europe.

– The United Kingdom is the world’s most transparent real estate country.

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