Some real estate organisations have formed an alliance, working towards making sure that international standards are applied when it comes to measuring of residential real estate. There will be a standardized method that will be used globally; this method will be provided by the International Property Measurement Standard.
Each measurement will be used in order to know the size and dimension of floor space, each measurement will vary from each country when being calculated. The Director Technical International Standards of surveyors’ body RICS, Alexander Aronsohn said; “For many, owning a home is the most important investment they’ll make. The new standard will enable investors, estate agents, developers, consumers and other users of professional property services to make more informed decisions.”
Amongst the members of the union, the Real Property Association of Canada are also part of the coalition.