Tuesday, October 4, 2016

New global residential floor space measurement standard unveiled

The International Property Measurement Standards Coalition recently released new standards that it says will increase transparency and benefit investors.

“Currently, the way residential property is measured can vary significantly from one market to the next,” the coalition said in a news release. “As a consequence, owners, occupiers and investors in domestic property are often left confused or misinformed when it comes to the reported floor space.”

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