Study: Romania’s place in top of real estate transparency

Since 2010, Romania has dropped by 8 positions in the top of transparency in the real estate sector, from position 32 to 40 of a total of 97 markets, evaluated according to 83 criteria and characteristics, from the availability of information for investors and the quality of services to the legal frame.

The study is made every other year by the American group Jones Lang La Salle, specialized in financial and consulting services for the real estate market.

Romania registered, over 2010-2012, one of the most significant increases of the transparency index in the real estate market, mainly because of the improved procedure of recording properties, the report sent by the group on Thursday shows.The transparency top continues to be dominated by English speaking countries. The US rank first, followed by Great Britain and Australia. Holland is 4th, followed by New Zealand and Canada, France, Finland, Sweden and Switzerland.

In Central and Eastern Europe, Poland has the best position – 19th, followed by Austria (22), Czech Republic (24), Hungary (26), Slovakia (36), Romania (40), Croatia (51), Bulgaria (57) and Ukraine (61).

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