Jones Lang LaSalle and LaSalle Investment Management have noted reasonable improvement in global market transparency, according to their recently released 2010 Commercial Real Estate Transparency Index.
According to the Index, Australia ranks as 2010′s most transparent market. Canada is next in line, and improving markets include China, India, Poland, Portugal, Romania, Greece and Hungary. Market transparency had fallen in Pakistan, Venezuela, Dubai and Bahrain.
“The 2010 Global Real Estate Transparency Index reveals a notable slowdown in the progress of real estate transparency over the past two years,” said Jacques Gordon, LaSalle Investment Management’s global head of strategy. “It suggests that the recent turmoil in global financial, economic and real estate markets has impacted on market behavior, with real estate players focusing on survival rather than market advancement.”