Australia takes top honors in this year’s Global Real Estate Transparency Index, pushing Canada into 2nd place. The survey, released earlier this week by Jones Lang LaSalle and LaSalle Investment Management, features the United Kingdom in 3rd place while Spain ranks in 14th.
The survey suggests that the recent turmoil in the global financial, economic and real estate markets has affected market behavior, with real estate players focusing on survival rather than market advancement. The average improvement in real estate transparency across the 81 markets covered by the survey has halved in 2008-2010 compared to that of 2006-2008 and 2004-2006.
The full report is available here.