Global Real Estate Transparency Index ranks US top amongst international markets

It has been revealed that when it comes to transparency of real estate markets, the US ranks as number one in a report that has been issued after a survey conducted by Jones Lang LaSalle.  

The Global Real Estate Transparency Index looks at 97 different markets across the planet and weighs 83 different factors to produce its results. It is ideal for providing investors with analysis and data that is critical when it comes to operating in global markets.

While the US came in at number one, the UK occupied second spot with Australia being ranked third.  Canada, New Zealand, France, Finland, Switzerland, Sweden and the Netherlands were ranked as ‘highly transparent.’

Speaking about the results, the global head of strategy for LaSalle Investment Management, Jaques Gordon, said: "While the world economy is still in recovery, the 2012 Index reveals that real estate investors and corporate occupiers are widening their activity across a broader range of markets.  This cross-border activity encourages faster rates of transparency improvement in growth and emerging economies as the markets open up further to international competition and their real estate sectors embrace global best practices.” Meanwhile, the national director for global research at Jones Lang LaSalle, Jeremy Kelly, added: “"While steady progress in real estate transparency has been made during the past two years, much still needs to be done.”

The news will come as a welcome boost to the US real estate market as buyers begin to regain their confidence in the sector after what has been a tough number of years.   Transparency and the free flowing availability of information offers buyers added peace of mind when it comes to making purchases.