Australia ranks first in a study on the transparency of property markets around the world.

International real estate agency Jones Lang LaSalle published its biennial rankings on the relative transparency of the housing markets in 81 countries. The study asked business leaders and researchers their views on the process of buying and selling properties and issues such as regulatory and legal measures in these markets.

The study found that the economic crisis caused progress to slow in many countries. Turkey is one of the few to see their rankings improve since 2008.

Australia is closely followed at the top by Canada, the UK, New Zealand, Sweden and the US. At the bottom of the list are Syria, Sudan and Algeria.