The International Property Measurement Standards (IPMS): How are they measuring up?

Tom Pugh

Journal of Building Survey, Appraisal & Valuation, 2017, vol. 6, issue 2, 142-149

Abstract: The International Property Measurement Standards (IPMS) were introduced as a way of standardising measurements, providing muchneeded transparency, consistency and comparability across the global property markets. IPMS Offices is already included in the mandatory RICS Professional Standard Property Measurement and will be rolled out across other sectors over time. This paper explores the broader issues and changes that IPMS brings — both in this initial transitionary period between the old and new methods and beyond. How IPMS specifically affects a number of areas in which building surveyors commonly work is also examined, including leases, reinstatement cost assessments (RCAs), non-domestic rates, facilities management, energy performance certificates (EPCs) and service charges.

Keywords: International Property Measurement Standards; IPMS; RICS; surveyors (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jbsav0:y:2017:v:6:i:2:p:142-149

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