International Property Measurement Standards (IPMS)

International Property Measurement Standards (IPMS) are guidelines established to create consistency and transparency in how property is measured and reported worldwide. By using these standards, property owners, investors, and professionals can understand and compare properties more accurately, regardless of location. IPMS focuses on defining areas like usable space, rental space, and common areas, helping to eliminate confusion and discrepancies in property data. Ultimately, IPMS aims to enhance trust and clarity in real estate transactions, making it easier for stakeholders to make informed decisions.