Published by a Coalition of more than 80 property organisations around the world, and drafted by an independent group of 18 experts from 11 countries, the International Property Measurement Standards: Residential Buildings September 2016, will offer more clarity and consistency to users of residential property services.
RICS Director of Technical International Standards, Alexander Aronsohn explains that, “IPMS: Residential Buildings addresses a simple but challenging reality: How do we provide transparent and consistent measurements for domestic properties when the methods used to perform these measurements differ across global markets? For many, owning a home is the most important investment they’ll make. This new standard will enable investors, estate agents, developers, consumers and other users of professional property services, to make more informed decisions. IPMS: Residential Buildings is ultimately about protecting the investments we make as individuals, investors or industry leaders.”
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