Spain is among the top 20 countries in transparency in the real estate sector in 2018
Source: Jones Lang LaSalle, IP, Inc.
Spain ranks among the first twenty countries in the world in terms of transparency in the real estate sector, according to the biennial survey Real Estate Transparency Index 2018 (GRETI), by its acronym in English) conducted by the property consultant Jones Lang LaSalle. Specifically, our country scales three places compared to the edition published in 2016, ranking 19th.
Spain is in the top 10 in the use of technology applied to the real estate sector
“Transparency in the real estate sector plays an increasingly important role. In fact, a good part of the health of the sector is, together with legal security and technology, closely related to said quality, ”
“The increase in information and the quality of it are crucial when making investment decisions, especially for those investors who set their sights on new markets such as Spain.”
Towards a more transparent market
“The ranking by countries, led by the United Kingdom, Australia and the United States, places Spain in an advantageous position compared to other markets with similar characteristics. The good work done during these last two years, both from public and private institutions, has placed our country in the focus of foreign investors. The influx of foreign capital is undoubtedly the best news for the sector to continue growing and becoming professional “,
Technology, ready to break into the real estate market
The technology and the application of the same in the real estate sector is a reality and already begins to provide the first results. The use of new technologies, innovation and digitalization – better known as Protech (Property Technology) – is one of the main reasons why Spain has climbed positions within the transparency ranking, since according to the 10th edition of GRETI 2018 , Spain is in the top 10 in the use of technologies applied to real estate. Specifically, our country occupies the sixth place, ahead of other countries such as France, Ireland, Italy or Portugal. The United States, the Netherlands and Canada lead the ranking.