Gains made in transparency for Thai property market
THAILAND has been ranked 34th in the Global Real Estate Transparency Index (GRETI) 2018 put out by property consultancy firm JLL.
The result in the newly released biannual represents a marked improvement from the 2016 edition of the index, when the country was ranked 38th.
Compared with the other six countries from Southeast Asia covered by the index, Thailand is ranked the third most transparent real estate market in the sub-region, followed by Indonesia, the Philippines, Vietnam and Myanmar, which were ranked globally 42nd, 48th, 61st and 73rd, respectively.
JLL said the 10th edition of the GRETI contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the regulatory/legal environment around the world. The 2018 Index covers 100 countries and 158 city markets, and the number of individual factors covered has increased by 36 per cent to 186 factors.