Why the PROPERTY market has become more TRANSPARENT??? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
Emerging real estate markets has significantly increased the level of transparency. This is evidenced by the new "transparency international real estate markets", prepared...Emerging real estate markets has significantly increased the level of transparency. This is evidenced by the new "transparency international real estate markets", prepared by the company "Jones Lang LaSalle". In 2008, eight countries have risen in the ranking of transparency in comparison with the last ranking, in 2006. The greatest improvements occurred in Dubai, Romania, Ukraine and Russia (see table N1).As reported in "Jones Lang LaSalle", almost half of the countries studied in 2006, two years there has been a significant improvement in transparency. In many countries the transparency of real estate markets improving, because governments seek to eliminate regulatory and legal barriers to capital movement across borders. The level of transparency this year declined compared with 2006 only in Venezuela, mainly due to new government regulations and tax rules relating to foreign investors.As before, one of the most transparent in the world are the real estate markets of Australia and the USA. Taking into account new variables related to the quality and frequency of assessments, transparency of payment for services and transparency of funding, the most transparent in the world market of commercial real estate was recognized as CanadaAccording to the rating, in 28 countries, the rate of transparency differed from those of 2006 by more than 10 basis points (0.1 percent). The researchers "Jones Lang LaSalle" declare that in the next few years are expected to be stable indicators of transparency in real estate markets of Australia, UK, USA, Singapore and Hong Kong, which is already characterised by its high level. However, such countries as Argentina, Greece, Indonesia and Peru in the last few years consistently find themselves at the bottom of the ranking of transparency, despite the growth in international trade as well as financial and commercial activities in these countries.For the first time included a number of countries "frontier markets", and Belarus, Sudan, Algeria, Cambodia and Syria have been identified as "opaque". Other new participants of the rating, such as Bahrain, Bulgaria, Estonia, Latvia, Croatia, Abu Dhabi and Lithuania, were in group "translucent", while Oman, Qatar, Morocco, Kuwait, Pakistan and Kazakhstan were classified as "low transparency"."Jones Lang LaSalle" warns that the high level of transparency does not eliminate risk or guarantee a high return on investment or profitability of corporate transactions. High transparency does not protect against market fluctuations, as even the most transparent investment instruments in the field of commercial real estate is a registered securities of real estate вЂ“ can be unstable."The rating of transparency international real estate markets" (Global Real Estate Transparency Index) compiled jointly by Jones Lang LaSalle and LaSalle Investment Management". It covers 82 countries, territories and administrative regions on six continents. Based on research transparency in the course of which measured five critical attributes of transparency of the real estate market: the performance indicators key market indicators, registered tools, legal and regulatory conditions, as well as transactional process. The rating is on a scale of one to five, where one represents the highest level of transparency, and five the lowest. The country is divided into the following groups: countries with a high level of transparency (level 1), transparent (layer 2), semi-transparent (tier 3), low transparency (tier 4) and opaque (level 5)."LaSalle Investment Management and Jones Lang LaSalle" use a broad approach to transparency, not equating "low transparency" to "corruption". The presence or absence of corruption is only one of the components of the transparency of the real estate market.