28 February 2018
New International Property Measuring Standards for RICS Members
The RICS has introduced new International Measuring Standards for its members around the world.
It will assist all professionals involved in property transactions to ensure everyone is clear on the basis of measurement quoted.
Businesses should be wary when comparing rents or sales figures where parties have not undertaken measurements to the required International Measuring Standards (IPMS) as they will not enable buildings to be compared accurately on a similar usable basis.