Monday, April 15, 2024

Pakistan Secures 73rd Rank in Global Real Estate Transparency Index 2020

In the latest biennial Global Real Estate Transparency Index 2020 survey, Pakistan has been ranked 73rd with a composite score of 3.88.

Though Pakistan has been put in the low-ranking tier that includes markets such as Ghana and Rwanda, it is still ahead of Iran, Kuwait, Qatar and Kazakhstan.

Over the last three years, Pakistan has continued to increase real estate transparency with enhanced regulatory reforms and the development of government rule of law data repositories in collaboration with international market participants, both of which have contributed to growth.

For the development of healthy real estate markets that operate for all players and not just a few, greater transparency is crucial. Similarly, in the coming years, technology is expected to enable all countries, including Pakistan, to surpass the rankings.

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