Russia demonstrated high transparency of the real estate market
Russia entered the top twenty countries in terms of transparency of the real estate market in the Global Real Estate Transparency Index (GRETI) 2018, prepared by JLL.
“For the first time in Russia, Russia entered the top 20 of the world in terms of fundamental market indicators, ranking 19th in this list. This demonstrates the significant progress made in the availability, quality and depth of the data provided by the real estate market, “said Olesya Dzuba, head of research at JLL in Russia and the CIS. But, according to the expert, the country has a distance in the transparency of real estate markets between the capital and the regions.
In general, following the results of the 2018 rating, Russia has risen by two lines and has taken the 38th place among 100 countries of the world. The positive dynamics in our country, according to experts, is noted in the fundamental indicators and indicators of the investment market. However, the lack of transparency of the regulatory and legal system, the transaction process and environmental sustainability hinders the growth of investment attractiveness.
The GRETI rating is formed by the specialists of JLL company on the basis of assessment of the transparency indicators of the real estate markets of 100 countries and 158 cities. The evaluation is performed by analyzing 186 factors grouped into six categories: investment return indicators, fundamental market indicators, corporate governance in public companies, regulatory and legal aspects, the transaction process and environmental sustainability.