Real-estate markets slip in terms of transparency
The crisis slows down the progress of property transparency, but some Asian countries -- particularly China and India -- are still making advances on this front, according to Jones Lang LaSalle.
The global financial crisis has hurt property markets more deeply than might have initially been apparent. Besides the shocking declines in property prices seen in many major countries, the crisis has actually set back the structural progress of making property markets more transparent, says a new study.
There has been a "notable slowdown" in the progress of property transparency over the past two years, according to the Global Real Estate Transparency Index. The index, put out bienni…
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