The 11 'Highly Transparent' markets represent the majority of the world's leading real estate investment destinations, accounting for almost 75% of direct real estate investment into the 100 markets covered by the index. These leading markets continue to push the boundaries of transparency and are at the vanguard of changes in the industry, both in terms of potential advances and possible disruption.
Source: JLL, LaSalle Investment Management
Two 'Highly Transparent' markets stand out. The Netherlands is one of the top improvers over the past two years, despite its already-high levels of transparency. The country has been at the forefront of proptech adoption and the growth of the 'alternatives' sector in Europe, leading the real estate industry into a new era. Sweden, too, nudges into the 'Highly Transparent' tier for the first time. However, 'Highly Transparent' status continues to elude the Asian gateways of Singapore, Hong Kong and Japan.
These markets are constantly striving for higher levels of transparency as the leading investment destinations. Over the past two years, they have been second only to the lowest ranked 'Opaque' group of markets in terms of improvement. They have been boosted by a combination of transformative proptech tools, pushes towards open data and the maturing of the 'alternatives' sector. However, these transformational tools may present challenges as well as opportunities with question marks around data quality and availability in the emerging proptech and flexible office sectors.
These changes hint at where 'Highly Transparent' countries will head next in pursuit of even higher standards. We have shortlisted four key trends to watch in the next two years:
To find out more about Global Real Estate Market Transparency, the latest market trends and challenges the industry is facing in pursuit of higher standards, please download the full report Transparency: Data, Disclosure & Disruption.