Korea's real estate transparency rises to 28th in biennial global index
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Loading... - Aisha Hamid
- 21 Jul 2022
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The biennial index is a global benchmark of real estate market transparency, based on a combination of quantitative market data and information gathered through a survey of the global business networks of global real restate service firm JLL and global real estate investment management firm LaSalle, across 94 countries and 156 city markets.
The index evaluates each country or territory in six sub-indexes, looking at market fundamentals, regulatory and legal frameworks, transaction processes and listed vehicles.
The U.K. topped this year's list, followed by the U.S., France, Australia and Canada in the top five positions. Japan took the highest rank of 12th place among Asian countries, followed by Singapore and Hong Kong, which took 14th and 16th place, respectively.
Korea was placed as the fourth-highest Asian country on the list. The country is categorized as "Transparent," which is the second out of five levels: Highly Transparent, Transparent, Semi-Transparent, Low Transparent and Opaque.
Korea's ascent of two notches from 30th place to 28th was attributed mainly to improvements made in the country's market fundamentals as well as in data analysis. The country's growth in the real estate investment trust (REIT) market also contributed to the improved figures evaluated by the index. Read More…
