For the last two years our country has moved from the Group of countries with a “Low Transparency”in the property markets, to the “Semi-Transperant”, that shows the Global Real Estate Transparency Index 2016 report, made by JLL and its unit LaSalle Investment Management.

The countries included in the study are divided into 5 groups: “HighlyTransparent”, “Transparent”, “Semi-Transperant”, “Low Transparency”and “Opaque”.

Our country has gone upto the 50th place in the ranking inthe Group of “Semi-Transperant” property markets, startingfrom the 66thplace in the Group of markets with low transparency in 2014.

Bulgaria is in the top 5 global improvers in this year’s survey, together with Serbia and Slovenia. The experts report the greatest development in the terms of the quality and the frequency of the market assessments and the market data on the Bulgarian market.

Other Balkan countries included in the Group of “Semi-Transperant”markets are Greece, Turkey, Croatia.

Regarding the markets with high degree of transparency in the first places are the United Kingdom, Australia, Canada and the United States.

Europe continues to maintain the position of the most transparent region in the world in real estate. 20 out of 30 market indicated as "HighlyTransparent" or as a "Transparent" are situated in Europe. That is why the countries of the continent remain attractive for investors.

The only European country in the “Opaque” markets group is Belarus.

The regulatory reforms are essential for the further progress as regards of the transparency of the global property markets, indicates the report. One thing that could be noticed, however, especially in the “Semi-Transperant” markets where Bulgaria is situated, there is a remarkable gap between the existing regulations and the actual implementation, especially in the planning of land use, the contracts and the construction standards, the experts conclude.

The report says that environmental sustainability is becoming more widespread theme in the property sector. The pace of progress in the creation of new instruments and provisions for sustainability, however, is slow.