How transparent are the world’s real estate markets? Despite the spread of proptech and attention to ESG, the improvement in 2018-2020 was the worst since 2008. Italy ranks 17th out of 99. Data from Jll and LaSalle.
The Global Real Estate Transparency Index2020 , published every 2 years, measures the transparency of global real estate markets according to parameters linked to 6 areas: governance of listed companies, sales processes, legislation, availability of market data, sustainability and performance indicators. The index ranks 99 countries and 163 cities globally, thus representing a benchmark of transparency of the Real Estate markets that is unique in the world
Transparency of the Italian real estate market
In GRETI 2020, Italy rises in the rankings, positioning itself in 17 place among the countries defined as “transparent”, that is, the countries with an optimal regulatory framework, government structure and sales processes, with room for improvement in the availability of market data and indicators of performance.
To determine the improvement of our country we find the greater attention to sustainability issues – Italy is in fact in 15th place in the Sustainability Transparency Sub-index thanks to the growing number of properties with LEED and WELL certifications – in addition to the marked improvement compared to the past as regards the transparency of transaction processes (13th place).
An important role was also played by the growing interest on the part of institutional investors in alternative sectors, with particular attention to data centers, self-storage , the pharmaceutical, biotechnology, health services and living sectors.