Would you mind explaining what are global measuring standards and International Property Measurement Standards.



  • Would you mind explaining what are global measuring standards and International Property Measurement Standards.


  • EXPERT

    Absolutely – this for me is one of the biggest issues in our industry at the moment. It all comes down consistency and transparency with measurement, which at the moment we don’t have. Until 2016, there were no global measuring standards, so what we found is that buildings were being measured in different ways across the world. The best illustration of this was a piece of research which took the same office building, but had it measured by surveyors from across the globe. What they found was there was a difference of almost 25% between the areas for the same space.

    This has massive repercussions in terms of how people for the space, how people perceive space and how people plan their space.

    In order to address this, the RICS introduced a truly global standard of measurement which was formed by a multinational team of experts which should ensure real estate is being measured consistently across the globe.

    For more insights on surveying check out the episode I did with Denzity! https://youtu.be/lRp0f978Xvk


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