UK Tech Sector to Have a Continued Headstrong Growth in the World

Written by: Arjita Gupta

Edited by: Anjali Kalan

Last Updated: 2022-12-24 16:01:00

The Global Real Estate Transparency Index (GRETI) 2022 has relayed that the United Kingdom and the United States rank in the top two positions in the world. Transparency is also increasing and improving in territories and countries as per the JLL and LaSalle Investment Management, who are at the forefront of analyzing real estate transparency across the world.

For a long, GRETI has helped occupiers, developers cross-border investors of real estate. It has been crucial for the industry and government bodies as well to understand the international benchmarks. These days, transparency in property purchases and regulations is mandatory to deal with heightened uncertainty in the market.

Thus, GRETI lays the foundation that assists investors, lenders, and real estate occupiers to remain confident, operate, and make important decisions. But the transparency index also reveals the growing gap in the most transparent regions and others countries. The ones at the regressive end are treading water and some even disappearing from the markets.

The 2022 index for global real estate transparency checks how transparent the worldwide real estate market is. It contains information on market data, investment performance benchmarks, sustainability metrics, and transaction processes. The edition for 2022 covers 94 countries and territories encompassing 156 cities.

The good news is that the highly transparent real estate players are backing climate action, technology adoption, regulatory changes, and capital markets diversification to forge their path ahead. And the top positions go to Anglophone countries, wherein the U.K. and U.S. occupy the first and the second rank.

The Global Real Estate Transparency Index also conveys that European markets are making great progress since the year 2020. They are among the 6 of the 12 countries accounted as highly transparent. The top global improvers for 2022 include UAE markets for Abu Dhabi and Dubai because of the government’s focus on enhanced market transparency.

For the first time, even Japan joined the brigade because of its boosted initiatives to meet sustainability targets and better climate risk reporting for self-storage, and data availability in the sectors such as senior housing, and life sciences.

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