Monday 13 October 2008

Top 10 most Transparent Property Markets

People often query how do they even know where to start when they are starting looking at overseas property. Well there's no easy answer to this question but, as most people are looking for a fairly 'risk free' option, a list which compares the property markets in various areas and marks them accordingly would be a very good start.

Well we've good news for you, one already exists. Jones, Lang, LaSalle have had a global transparency index for a number of years now. If nothing else it will give you an idea of which countries have a mature and transparent method of transaction property and which ones are likely to be more risky. 

This is the Jones Lang LaSalle bumpf on the list: The 2008 Real Estate Transparency Index is a study of real estate market transparency in 82 markets worldwide.  Started in 1999, the bi-annual study was designed as a strategic tool to help the real estate market better understand the processes involved in and risks of doing real estate business in different countries and cities around the world. It can be used with other international metrics to develop a global investment strategy or  to refine a corporate expansion strategy.

The link to the index is here, you'll have to register with JLL to get access to it but there's no cost involved and the resulting report is well worth a read. For those of you who couldn't be bothered reading it, here is the top ten (the links take you to listings of property for the country on the OC site). 

Tier 1 - Highly Transparent

1. Canada
2. Australia
4. New Zealand
6. Netherlands

Tier II - Transparent

10. Ireland

16. Spain
19. Italy
20. Switzerland
21. South Africa
22. Portugal
25. Poland

Tier III - Semi-Transparent

27. Hungary
32. Dubai
35. Bulgaria
49. China Tier 1 Cities
50. India Tier 1 Cities
51. Croatia

Tier IV - Low Transparency

58. Morocco
59. Egypt
67. Turkey

1 comment:

Realty Rider said...

Towards the close of fiscal 2007, Ernst and Young and industry chamber Ficci on Indian real estate conducted interviews of the top management — chairpersons, CEOs, MDs and other key decision makers — of selected developers and fund managers of six prominent cities in the country. One of the aims of the survey was to analyse developers’ perspective about regulatory and Government affairs that hindered their growth opertunities.It was found that while developers feel the government has shown definitive intent towards facilitating and promoting real estate by effecting several regulatory and policy changes, there still was a lot left to be desired.Developers across the country are almost uniform in their opinion that delay in approval and clearences is the biggest regulatory challenge. Developers are in favour of a consistent long-term policy in the sector. High stamp duty across states also adversely impacts developers. Going forward, a much larger role by the government is envisaged to ensure sustained development of the sector.For more view-