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The changing real estate market transparency in the European real estate markets

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  • Graeme Newell

Abstract

Purpose - – Real estate market transparency is an important factor in real estate investment and occupier decision making. The purpose of this paper is to assess real estate transparency over 2004-2014 to determine whether the European real estate markets have become more transparent in a regional and global context. Design/methodology/approach - – Using the JLL real estate transparency index over 2004-2014, changes in real estate market transparency are assessed for 102 real estate markets. This JLL real estate market transparency index is also assessed against corruption levels and business competitiveness in these markets. Findings - – Improvements in real estate transparency are clearly evident in many European real estate markets, with several of these European real estate markets seen to be the major improvers in transparency from a global real estate markets perspective. Practical implications - – Institutional investors and occupiers see real estate market transparency as a key factor in their strategic real estate investment and occupancy decision making. By assessing changes in real estate transparency across 102 real estate markets, investors and occupiers are able to make more informed real estate investment decisions across the global real estate markets. In particular, this relates to both investors and occupiers being able to more fully understand the risk dimensions of their international real estate decisions. Originality/value - – This paper is the first paper to assess the dynamics of real estate market transparency over 2004-2014, with a particular focus on the 33 European real estate markets in a global context to facilitate more informed real estate investment and occupancy decision making.

Suggested Citation

  • Graeme Newell, 2016. "The changing real estate market transparency in the European real estate markets," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 34(4), pages 407-420, July.
    • Handle: RePEc:eme:jpifpp:v:34:y:2016:i:4:p:407-420
    DOI: 10.1108/JPIF-07-2015-0053
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    Citations

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    Cited by:

    1. Nikolaiev Vsevolod & Shcherbyna Andrii & Siniak Nikolai & Nikolaieva Tetiana, 2021. "Different Management Functions in Housing Operation Practice: Ukrainian Case Study," Real Estate Management and Valuation, Sciendo, vol. 29(2), pages 29-37, June.
    2. Gholipour, Hassan F. & Tajaddini, Reza & Pham, Thi Ngoc Tram, 2020. "Real estate market transparency and default on mortgages," Research in International Business and Finance, Elsevier, vol. 53(C).
    3. Radoslaw Wolniak & Marcin Olkiewicz & Marta Szymczewska & Anna Olkiewicz, 2020. "The Functioning of the Real Estate Market: Dynamics of Price Formation and the Sale of Apartments," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 281-307.
    4. Elena IONASCU & Marilena MIRONIUC & Ion ANGHEL, 2019. "Transparency of Real Estate Markets: Conceptual and Empirical Evidence," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(154), pages 306-306.
    5. Graeme Newell, 2021. "Future research opportunities for Asian real estate," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 25(2), pages 272-290, April.
    6. Anna Olkiewicz & Radosław Wolniak & Marcin Olkiewicz & Martyna Szymczewska, 2020. "The Impact of Professional and Economic Activity on the Development of Apartments Market," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 404-418.

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