Improved real estate transparency is fundamental to successful strategic decision-making in the real estate investment sector. Using the JLL global real estate transparency index, countries are classified as high transparency, transparent, semi-transparent, low transparency and opaque. As well as the composite real estate transparency measure, the five real estate transparency sub-indices for investment performance measurement, market fundamentals, governance of listed vehicles, regulatory/legal and the transaction process are also produced. This paper assesses the dynamics, linkages and changes in these real estate market transparency sub-indices for 109 real estate markets over 2004-2016, comprising 88 emerging markets and 21 developed markets. This is also assessed in a regional and global real estate market context. Differences in these real estate transparency sub-indices between the emerging and developed markets are also highlighted. The ongoing real estate investment implications are also identified.
Newell, Graeme, Jufri Marzuki, Robin Goodchild, and Jeremy Kelly. Aanalysis of global real estate transparency dynamics and lingakes In 25th Annual European Real Estate Society Conference. ERES: Conference. Reading, UK, 2018.
Section: Real Estate Finance and Investment