International Property Measurement Standards: Compliance and Best Practice

International Property Measurement Standards (IPMS) are a set of globally agreed rules for accurately measuring real estate properties. Compliance ensures that measurements are consistent and comparable across different regions and property types. Best practice involves following these standards to improve transparency, reduce confusion, and facilitate fair transactions for buyers, sellers, investors, and developers. Adhering to IPMS helps stakeholders make better-informed decisions by providing clear, reliable property size information. Ultimately, it promotes confidence and efficiency in the global property market.