Purpose – The purpose of this paper is to give a theoretical framework for an analysis of the concept of transparency in residential real estate transactions within the EU‟s Internal Market. In this way, it is possible to identify the essential factors that need to be addressed with respect to transparency.
Design/methodology/approach – The study is based on a review of the literature on the general concept of transparency, as well as other related sectors.
Findings – Based on this study, five dimensions of transparency are identified: transparency in transaction procedure, legal information, financing, taxation and transaction costs. The essential points are that an increase in cross-border transactions increases demand for easy access to information in other countries. The studied literature focuses on the coordination of legal systems, making systems more uniform and legally secured, and on broadening of the mortgage market. The study indicates that reaching transparency will be both complex and take time.
Originality/value – The paper identifies different dimensions of transparency in residential real estate transactions and brings into focus the issues that are important for increasing transparency.
Residential housing market, property transaction real estate, real, transparency Paper type Research paper