We recently launched the 10th edition of our Global Real Estate Transparency Index, a leading publication that has been charting the progression of transparency across the world for two decades.
The 2018 Index builds upon the strong track record of our previous surveys, evolving to meet ever-changing demands, and now covering 100 countries and 158 city markets.
We have observed a lot of change in the last 20 years and transparency has become ever more paramount.
We have experienced a global financial crisis that put a spotlight on debt and regulation, witnessed the emergence of new technologies that have the potential to disrupt our industry, and here in Asia Pacific, we have seen more than 700 million new people living in cities which necessitated the need for higher quality real estate and supporting services.
Emerging markets in South and Southeast Asia that led the way in transparency gains in the 2018 Index
Encouragingly, Asia Pacific has made positive strides throughout this period and in the 2018 survey, it recorded the biggest improvement of the four major regions globally.
There is growing recognition by governments, occupiers and investors that transparency is necessary for an efficient real estate market. It can help fuel economic activity and build community well-being, which has led to new reforms and greater market intelligence.
Taiwan is a good example, where government initiatives such as the Real Estate Tax Declaration platform are continuing to increase the availability and quality of real estate data, and leading to steadily improving transparency.
Myanmar was the biggest improver in the region and globally
Remarkably, it was emerging markets in South and Southeast Asia that led the way in transparency gains in the 2018 Index.
Myanmar…
