Transparency of Real Estate Markets: Conceptual and Empirical Evidence
The expansion of international real estate investment has also created the need for more transparency on real estate markets. In this context, the paper aims at identifying the dimensions and trends of the transparency of real estate markets in 31 states, mostly European, in correlation with their e...
| Format: | Article |
|---|---|
| Language: | English |
| Published: |
Chamber of Financial Auditors of Romania
2019-05-01
|
| Series: | Audit Financiar |
| Subjects: | |
| Online Access: |
http://revista.cafr.ro/temp/Article_9613.pdf
|
| _version_ | 1811268586049634304 |
|---|---|
| collection | DOAJ |
| description | The expansion of international real estate investment has also created the need for more transparency on real estate markets. In this context, the paper aims at identifying the dimensions and trends of the transparency of real estate markets in 31 states, mostly European, in correlation with their economic development. Applying the Principal Component Analysis (PCA), t-Student test and regression analysis highlighted the strong and significant associations of transparency quantified by the Global Real Estate Transparency Index with the institutional environment, macroeconomic factors, technology, innovation and the social environment. The results of the research show that the most competitive and robust countries have the most transparent and mature real estate markets. Technology, innovation, infrastructure quality and expanded business networks imply new trends in transparency in developed countries. In emerging and developing countries, the quality of governance and lack of corruption are prerequisites for transparency in real estate markets. |
| first_indexed | 2024-04-12T21:25:35Z |
| format | Article |
| id | doaj.art-4cc1fbc5d2be4c84815ad123e728dc5b |
| institution | Directory Open Access Journal |
| issn | 1844-8801 |
| language | English |
| last_indexed | 2024-04-12T21:25:35Z |
| publishDate | 2019-05-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-4cc1fbc5d2be4c84815ad123e728dc5b2022-12-22T03:16:11ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012019-05-011715430632610.20869/AUDITF/2019/154/3069613Transparency of Real Estate Markets: Conceptual and Empirical EvidenceThe expansion of international real estate investment has also created the need for more transparency on real estate markets. In this context, the paper aims at identifying the dimensions and trends of the transparency of real estate markets in 31 states, mostly European, in correlation with their economic development. Applying the Principal Component Analysis (PCA), t-Student test and regression analysis highlighted the strong and significant associations of transparency quantified by the Global Real Estate Transparency Index with the institutional environment, macroeconomic factors, technology, innovation and the social environment. The results of the research show that the most competitive and robust countries have the most transparent and mature real estate markets. Technology, innovation, infrastructure quality and expanded business networks imply new trends in transparency in developed countries. In emerging and developing countries, the quality of governance and lack of corruption are prerequisites for transparency in real estate markets. http://revista.cafr.ro/temp/Article_9613.pdf transparencyglobal real estate transparency indexreal estate marketseuropecompetitivenesscorruption |
| spellingShingle | Transparency of Real Estate Markets: Conceptual and Empirical Evidence Audit Financiar transparency global real estate transparency index real estate markets europe competitiveness corruption |
| title | Transparency of Real Estate Markets: Conceptual and Empirical Evidence |
| title_full | Transparency of Real Estate Markets: Conceptual and Empirical Evidence |
| title_fullStr | Transparency of Real Estate Markets: Conceptual and Empirical Evidence |
| title_full_unstemmed | Transparency of Real Estate Markets: Conceptual and Empirical Evidence |
| title_short | Transparency of Real Estate Markets: Conceptual and Empirical Evidence |
| title_sort | transparency of real estate markets conceptual and empirical evidence |
| topic | transparency global real estate transparency index real estate markets europe competitiveness corruption |
| url |
http://revista.cafr.ro/temp/Article_9613.pdf
|