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

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  • Pugh, Tom

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.

Suggested Citation

  • Pugh, Tom, 2017. "The International Property Measurement Standards (IPMS): How are they measuring up?," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 6(2), pages 142-149, September.
    • Handle: RePEc:aza:jbsav0:y:2017:v:6:i:2:p:142-149
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    More about this item

    Keywords

    International Property Measurement Standards; IPMS; RICS; surveyors;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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