International Property Measurement Standards
The International Property Measurement Standards Coalition (IPMSC) was formed on 30 May 2013 after meeting at the World Bank in Washington DC, and consists of a group of more than 80 professional and not-for-profit organisations from around the world. The Coalition aims to bring about the harmonisation of national property measurement standards through the creation and adoption of agreed international standards for the measurement of buildings.
International Property Measurement Standards (IPMS) will enable different classes of buildings to be measured on a transparent basis, thus ensuring a consistent approach for transactions and valuations, creating a more transparent marketplace, greater public trust, stronger investor confidence, and increased market stability.
More information about the IPMSC can be found here: https://ipmsc.org/