The 2024 Global Real Estate Transparency Index by JLL highlights major progress in transparency, particularly in the Asia-Pacific region. Transparency is now a key focus for investors, occupiers, and governments navigating global challenges like geopolitical tensions and sustainability goals.
Top Performers in Global Transparency
The UK remains the global leader in transparency, followed by France, the US, Australia, and Canada. Notably, Singapore has joined the “Highly Transparent” group, ranking 13th. This reflects its growing emphasis on sustainability and digital services. Malaysia, at 33rd, remains in the “Transparent” group, with its logistics and industrial sectors gaining prominence.
Emerging markets, including Indonesia, the Philippines, and Vietnam, showed significant improvement. However, these countries are still classified as “Semi-Transparent.”
Asia-Pacific’s Strong Growth
Asia-Pacific has seen the fastest transparency improvements since 2022. India, Japan, South Korea, and the UAE are among the top regional performers. These advancements are due to better data availability, increased technology use, and a stronger focus on sustainability.
Despite these gains, sub-Saharan Africa lags behind, although countries like Kenya and Nigeria have made modest progress.
Sustainability Drives Transparency
Sustainability has become a major driver of real estate transparency. Markets are adopting stricter decarbonization strategies and sustainable building practices. This shift requires clearer and standardized metrics. However, challenges such as poor data quality and greenwashing remain.
AI’s Role in Transforming Real Estate
Artificial intelligence is boosting transparency by improving data processing, automating building management, and enhancing valuations. Yet, as AI regulations evolve, companies must address risks related to compliance and data integrity.
The Future of Real Estate Transparency
Emerging sectors, such as data centers and living investments, require clearer infrastructure planning and trade policies. Expanding debt markets and the growing role of non-bank lenders are also reshaping investment dynamics.
In conclusion, the 2024 report underscores the growing importance of transparency in navigating today’s complex global real estate market.
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