Measuring Property Globally.
At present, the way real property – such as homes, offices or retail – are measured around the world varies dramatically. The IPMS Coalition, a group of more than 60 organizations from around the world, has created international property measurement standards to ease the confusion. The latest addition is a standard which establishes a common, international methodology for measuring residential property, such as apartments and condos. By establishing a consistent methodology for measuring residential buildings around the world, the standard eliminates inconsistencies which can prevent property comparisons on apples-to-apples basis. For more: https://ipmsc.org/standards/residential.