International Property Measurement
Standards Coalition IPMS
The International Property Measurement Standards Coalition
(IPMSC) is a group of more than 80 professional and not-for-profit
organisations from around the world, working together to develop and
implement international standards for measuring property.
At present, the way property assets – such as homes, offices or
shopping centres – are measured varies dramatically. For example, in
some parts of the world it is established practice to include common
space (lift shafts; communal hallways etc) in floor area
measurements; in others off-site parking might be included or even
swimming pools.
With so many different methods of measurement in use, it makes it
difficult for property users, investors, occupiers and developers to
accurately compare space. Research by global property firm JLL shows
that, depending on the method used, a property’s floor area can
deviate by as much as 24%.
The International Property Measurement Standards Coalition
(IPMSC) is an international group of professional and not-for-profit
organisations working together to develop and embed a single
property measurement standard.
An International Property Measurement Standard (IPMS) will ensure
that property assets are measured in a consistent way, creating a
more transparent marketplace, greater public trust, stronger
investor confidence, and increased market stability.
More information, please visit:
https://ipmsc.org/
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