Turkey Is Improving In Real Estate Transparency

Online, September 20, 2010 (Newswire.com) - Turkey exceeds the table of the most improved country in real estate transparency for 2010, according to a report by Jones Lang LaSalle and LaSalle Investment Management.

The two establishments have published the 2010 Global Commercial Real Estate Transparency Index recently. Since before 2 years the last index was published, Turkey has proposed an increase of 27 posts in the standings and improved more than any other 81 markets in the sample. Turkey is now classified as semi-transparent rather low transparency.

Alan Robertson, managing director of Jones Lang LaSalle in Turkey, said there are a number of causes for the improvement of Turkey's status. Firstly, the Turkish government has shown a strong commitment to improving the business environment and create equal conditions for foreign and local investors, he said. In the process of accession to the European Union, Turkey has worked hard to adapt their legal and regulatory system with the more developed countries. Secondly, a number of private initiatives aimed at improving real property data stimulated the levels of transparency, especially in the retail sector.

Robertson said he believes the trend will continue, making Turkey more attractive to foreign investors. In the coming years we expect to see improvement in the levels of transparency, and I think will be good news for Turkey and for those who invest in commercial real estate markets, he said.

In future Turkey improves in real estate transparency. So in future if we wanted to buy a property, it may be heavy to us. Since the Turkey real Estate is improving. So it is suggested that if anybody planning to buy a property in Turkey this is the best time to buy the Property in Turkey.

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