Increasing transparency in Poland's real estate market

2010-07-23

Transparency of the Polish real estate market - in terms of concluded transactions and the flow of information - has been on a steady increase, as demonstrated in a report released by Jones Lang LaSalle and LaSalle Investment Management. Of the 81 countries covered by the transparency index, progress has been made in 15 countries, nine of which are in Europe. In addition to Poland, the top improvers include Portugal, Romania, Greece, Hungary and China, with Turkey topping the table of transparency improvers. One third of markets covered in the reports registered no change, while such countries as Pakistan, Kuwait, Venezuela, the United Arab Emirates (Dubai) and Bahrain have sustained declines in transparency.
The global crisis of financial, economic and real estate markets has lead to deterioration in the transparency improvement trend, according to the report's authors. In the last two years, the average growth in real estate transparency has fallen by around 50% relative to the periods of 2006-2008 and 2004-2006.