Global inquiry into transparency in the Real Estate Markets

Grazyna Wiejak-Roy, Bastiaan Reydon, Peter Ache, Eva Katharina Neubrand and Kavanagh James

ERES from European Real Estate Society (ERES)

Abstract: The research is concerned with the perception, definition, and measurement of transparency in real estate markets and exploring any transparency deficits. Understanding market transparency, beyond the current measures available for selected countries and selected property sectors only, should help improve policies aimed at improving market efficiency. From a global perspective, the results of this research aim to inform policymakers to support the more vulnerable members of society who are often deprived of their real estate rights due to market opacity. The research uses a global comparative study to examine the level of transparency in real estate markets and identifies key differences between national markets due to the regulatory, economic, political, social, and cultural environment in which sellers and buyers operate. The determination of market transparency focuses on informational market efficiency. To obtain evidence, data is collected using an international online survey and ‘purposive sampling’ technique of subject matter experts. These include professionals working in the field of land administration and management and in property surveying across the private and public sectors as well as in the higher education sector. Members of FIG, RICS, IVSC, CASLE and TEGOVA are specifically approached for their input.

Keywords: grey market; Market Transparency; Real Estate Markets; transparency survey (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
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