In real estate, EMs are more like DMs | beyondbrics

Ever been put off buying property in emerging markets because of a lack of market transparency? Well, it may be time to think again.

EM countries such as Turkey, until recently plagued by uncertainty, have made huge strides in real estate transparency, according to the latest biannual survey by Jones Lang Lasalle, an international real estate agent.

Not surprisingly, JLL’s global ranking is dominated by countries such as the US, UK, Australia and the Netherlands. But sharp increases in transparency among EMs led to a rebalancing at the top of the ranking: With Poland, Brazil, Hungary, and the Czech Republic, as well as Malaysia, Hong Kong, and South Africa, there are now seven “transparent” EM real estate markets in a list otherwise dominated by western countries.

* username: rupertbu