Poland moves up in real estate market transparency index

Poland rises four places to 13th position in the Global Real Estate Transparency Index (GRETI) and is ranked higher than Switzerland, Denmark and Japan. The top ten highly transparent real estate markets attract 75 percent of global investment, according to JLL and LaSalle Investment Management.

"In the latest GRETI ranking, Poland has gone up from 17th to 13th position and is ahead of countries such as Switzerland, Belgium, Denmark and Norway. This improvement in Poland's position is the result of numerous factors, including wider access to consistent market data about a broader group of Polish cities, progress in development of zoning plans as well as advanced preparations to create Polish REIT funds which will be listed on the Warsaw Stock Exchange. Poland is also the highest ranked country of the CEE region. The Czech Republic occupies 20th position, Hungary 26th, Slovakia 29th, followed by Romania - 30th. In addition, it is worth pointing out that Slovakia and Romania have both moved into the group of "Transparent markets," said Anna Bartoszewicz-Wnuk, Head of Research and Consulting, JLL Poland.

Two-thirds of markets have shown improvement in levels of transparency since 2014. Improvement is generally correlated with higher foreign direct investment and corporate occupier activity, as investors and corporations help to accelerate transparency reforms and governments recognize that poor transparency will affect continued inward investment, long-term economic growth prospects and the quality of life of citizens, the report also said.