Nigeria Scored low in Real Estate. See Reasons

The   report released   on the status of real Estate by Global Real Estate Transparency index GRETI place Nigeria at 83 position among the  109 market compared. Nigeria  real estate scored 3.8 in the range between 1 to 5 marks. 1 represent the lowest mark in the transparency  index scale
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The index reveals, which countries provide the most favourable operating environments for investors, developers and corporate occupiers. Covering 109 markets worldwide, it quantifies transparency based on 139 variables relating to transaction processes, regulatory & legal frameworks, and corporate governance. Higher real estate transparency is associated with stronger investor and corporate real estate activity.
JLL’s 2016 index reveals that real estate transparency has continued to improve steadily at a sub-national, national and international level. Globally, transparency scores have advanced by an average of 2.4per cent (2014-2016), matching broadly the improvements made between 2010-2012 (at 2.9per cent) and 2012-2014 (at 3.4per cent). Two-thirds of markets have shown progress over the past two years.

The United Kingdom, United state of American  Australia  and Canada hold top position.

Technology is also allowing some emerging markets to leapfrog the normal transparency evolution. Examples include the digitisation of land registries in Kenya and Ecuador, while Ghana is reportedly trialing a system to record title deeds with blockchain technology.
With growing interest in Sub-Saharan Africa (SSA) from corporates and international real estate investors, GRETI 2016 has further extended its footprint across the region to provide coverage of 15 countries, with Rwanda, Tanzania and Ivory Coast joining the 12 countries surveyed in GRETI 2014 (which itself was up from eight SSA countries in GRETI 2012).
GRETI 2016 reveals that SSA has continued to make advances in real estate transparency over the last two years, although progress has been more mixed than in 2014, when SSA registered the largest improvement among the global regions.
Out of the 12 markets from the region included in the 2014 Index, six (Nigeria, Botswana, Zambia, Ethiopia, Angola and Ghana) have recorded reasonable progress in transparency. Advances in the ‘market fundamentals’, ‘performance measurement’ and ‘governance of listed vehicles’ sub-indices have supported the overall regional improvement, as greater involvement by international real estate consultancies and local data providers elevates the level of access to information about real estate markets.

Source: http://guardian.ng/property/nigeria-ranked-83rd-in-global-real-estate-transparency-inde