By: Morexette Marie B. Erram - Multimedia Reporter - CDN Digital
Published: July 18,2020 - 02:43 PM
Full Article: Cebu real estate players mixed on PH’s new transparency index
Snippets: CEBU CITY, Philippines — Real estate players and experts here in Cebu are divided on the country’s new and slightly improved ranking in real estate transparency.
Top global research firm Jones Lang LaSalle (JLL) ranked the Philippines on the 44th spot in their Global Real Estate Transparency Index (GRETI) report for 2019.
It was released last July 8, 2020.
GRETI measures how the real estate industry in a country performs in terms of transparency, legal and regulatory framework, performance measurement, data availability and sustainability.
These indexes are also often used by real property developers and other industry players in gauging their decision whether or not to invest in a particular location.
The Philippines ranked 44th out of 99 countries surveyed, making it a Semi-Transparent country, and a slight improvement from its 45th spot in 2018, JLL noted.