JLL's annual report on real estate transparency reveals the UK is the most favourable operating environment for investors, developers and tenants. JLL’s Global Real Estate Transparency Index evaluated transaction processes, regulatory and legal frameworks, corporate governance, performance measurement and data availability to determine transparency.

The United Kingdom, Australia, Canada and the United States hold the top positions in the study, while Continental Europe is gradually catching up.

Germany has joined the "Highly Transparent" group for the first time, in part due to growth in its listed sector, while France has consolidated its position among the top tier.

The world’s 10 most transparent markets account for 75% of global direct investment into commercial real estate and are home to nearly half of the world’s 2,000 largest public companies, according to JLL’s study.