PwC Malta has collaborated with JLL and Archi+, to, once again, feature Malta in JLL’s Global Real Estate Transparency Index (GRETI). Through the GRETI, JLL has been mapping the evolution of real estate transparency across the globe since 1999. The JLL GRETI, published on a biennial basis, is widely used for assessing real estate market transparency across different countries and cities. It acts as a useful benchmark and guide for Government and industry bodies, as well as investors, developers, and occupants of real estate, particularly in assessing how countries are faring and in cross-border investments decision-making. PwC Malta has led the compilation of survey results for Malta in the 2024 JLL GRETI edition through consultations with key stakeholders within the public and private sector.
The 2024 JLL GRETI features 89 participant countries and territories. The JLL GRETI is based on a combination of quantitative market data and survey results. The Index scores property markets on a one (Highly Transparent) to five (Opaque) transparency scale.
Malta’s results in this year’s edition have remained in line with the 2022 GRETI. Malta has been attributed a score of 3.54 in the 2024 Index, thereby still falling within the Low Transparency category. Albeit scoring well on fronts such as governance of listed vehicles, regulatory and legal aspects, as well as the transaction process, areas such as sustainability, technology and digitisation, and availability of data merit considerable improvement.
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