Jones Lang LaSalle and LaSalle Investment Management released their biennial Global Real Estate Transparency Index this week.
The biennial index found that the US real estate market was the most transparent of the 97 real estate markets surveyed. How did they come to such a concrete conclusion? The real estate investment management firm weighed no fewer than 83 different factors in each market.
Here’s a quick rundown of other interesting info contained within the report:
- A renewed drive for transparency was likely spurred by the slowdown many markets experienced after the financial crisis.
- Turkey led in transparency improvement along with Mexico, Indonesia and South Korea (known collectively as MIST).
- The United Kingdom and Australia ranked close behind the United States in the index.
- United Kingdom, Australia and France are the most transparent markets when it comes to real estate sustainability. The UK introduced the world’s first Green Building rating system and Australia is a testing ground for new environmental regulations pertaining to real estate.
You can read more about the report’s findings here.