According to a report by Jones Lang Lasalle, the Australian property market is the most transparent in the world. Professional services firm Jones Lang Lasalle's Global Real Estate Transparency Index 2010 report shows that Australia has displaced Canada as the world's most transparent real estate market.
Countries were assessed on five criteria: performance measurement, market fundamentals, listed vehicles, legal and regulatory factors and transaction processes.
The report showed that there has been a notable slowdown in the progress of real estate transparency over the last two years, due to the recent turmoil in global financial, economic and real estate markets. It cited Turkey as the most improved market and said the Asia Pacific region shows the most 'broadly-based' improvements over the last two years.
Countries were assessed on five criteria: performance measurement, market fundamentals, listed vehicles, legal and regulatory factors and transaction processes.
The report showed that there has been a notable slowdown in the progress of real estate transparency over the last two years, due to the recent turmoil in global financial, economic and real estate markets. It cited Turkey as the most improved market and said the Asia Pacific region shows the most 'broadly-based' improvements over the last two years.
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