UK and Australia are top 2 in real estate transparency: JLL
The United Kingdom and Australia are ranked first and second respectively in JLL’s 2018 Global Real Estate Transparency Index.
Australia’s property market is the most transparent in the Asia-Pacific region. It is followed by New Zealand, which holds seventh position globally, and Singapore which is 12th globally. Hong Kong is 13th.
The index covers 109 international property markets, and is based on market fundamentals, governance of listed vehicles, regulatory and legal frameworks, transaction process, performance measurement, and environmental sustainability.
Australia’s property market has attracted more offshore investors to residential developments over the past five years, says Iwan Sunito, group CEO of Crown Group, an Australian property developer. He says transparency has added to Sydney’s international appeal as Australia’s largest city,
Transparency is a key factor that is considered when investing in property, along with strong population growth and economic fundamentals, says Sunito.