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The term BRIC originated back in 2003 and was coined by Goldman Sachs economist Jim O’Neill. It was O’Neill’s opinion that since the US economy took a nose dive it allowed the BRIC countries Brazil, Russia, India and China to take a bigger slice of the world’s gross domestic product.

We would be taking a quick peek into the property markets of these four countries, to gain a better overview of what exactly is going on.
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The latest Jones Lang LaSalle Real Estate Transparency Index has been significantly enhanced. According to the report, it is clear that overall transparency has clearly improved since the last survey in 2006.

27 out of a total 56 markets have improved their score and out of those, eight countries moved up one full transparency tier.

Overview

The biggest transparency improvements were found in Dubai, Romania, Ukraine, and Russia. Venezuela is the only country overall whose transparency is lower this time around. On average, Europe’s transparency is higher than in the regions of Africa and the Middle East.

The biggest improvements seen this year were in Vietnam, China (PRC) and India.

Africa’s and regions in the Middle East attract more global attention from property investors which brings the transparency issue to the forefront of the regional governments agendas.

In Latin America it was Panama and Brazil that received the largest transparency overall.

Asia Pacific

The 2008 transparency survey included sixteen countries in a Asia Pacific region. A first time inclusion was Cambodia. Some of the worlds shiniest beacons are included within this region, such as Australia and
New Zealand. The least transparent countries are Vietnam and Cambodia.

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We stumbled on this via ActiveRain; it is a mention of ways American and International property agents can market to Russian buyers (who seem to be buying up the whole world at the moment).

Here are the top Russian International Property Exhibitions:

• International Property Show in St. Petersburg (17th & 18th October 2008)
• Property Show in Moscow (14th & 15th November 2008)
• Moscow International Investment Show (3rd & 4th October 2008)
• Moscow International MICE Forum (17th March 2009)

One of the ways to market and sell your real estate to Russian buyers, is participation in International Real Estate Exhibitions in Russia. They happen in Moscow and St. Petersburg several times a year and are getting more and more interest on the part of foreign exhibitors and Russian public.

_{^{Photo credits: International Property Show Moscow}}