The Global Real Estate Transparency Index 2024

Click or search for a specific market to view its global rank and score. Find out about each country/territory’s strengths and weaknesses across six key categories: investment performance measurement, market fundamentals, governance of listed vehicles, regulatory & legal environment, transaction process and sustainability transparency.

View Global rankings

The most transparent markets have registered the strongest gains in the 2024 Index as they set new benchmarks for technology integration, deeper data availability and climate reporting. The U.S., Canada, France and Australia are all among the global top improvers, while Singapore has entered the ‘Highly Transparent’ group for the first time, boosted by a focus on sustainability and digital services. This top set of countries has attracted over US$1.2 trillion in direct commercial real estate investment over the last two years, more than 80% of the global total. And with the lowest risk and highest levels of transparency around demand and pricing dynamics, in particular for growth property sectors, the world’s most transparent markets are positioned to lead the cyclical recovery in liquidity as capital markets activity increases.

Beyond the ‘Highly Transparent’ countries, several major markets that have made progress and are focused on enabling higher levels of institutionalization – including India, Mainland China’s leading cities and South Korea in Asia Pacific, and the UAE and Saudi Arabia in the Middle East and North Africa (MENA) region – offer strong long-term prospects. These markets will require a significant expansion of urban infrastructure over the coming decade but have collectively received only 6% of global investment since 2022, highlighting the scale of opportunity as transparency improves further. Progress elsewhere has been limited, and countries further down the rankings will need to pick up the pace to close the transparency gap.