International Property Measurement Standard (IPMS) is a standardised and globally applicable method for
measuring property. It aims to address current inconsistencies in the way
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, re ...
of all types is measured from one market to the next, improving
property market data and providing greater transparency.
Background
IPMS standard is the collaborative effort of professional and nonprofit organisations from around the world. These organisations convened for the first time at a meeting hosted by the
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
in Washington on 01-2 May 2013, each putting forward a representative to join the IPMS Board of Trustees.
Collectively, these organisations (otherwise referred to as the International Property Measurement Standards Coalition, or IPMSC) have agreed to create and implement a single, shared standard for measuring property. The first phase of the project was to develop an international standard for measuring offices "IPMS for Offices" which was to be published in June 2014.
A Standards Setting Committee of 19 independent experts has been tasked with drafting the standard on behalf of the Coalition.
Membership
On 1 May 2014, the IPMS Coalition comprised the following 39 organisations:
* American Society of Farm Managers and Rural Appraisers (ASFMRA)
*
Appraisal Institute
The Appraisal Institute (AI), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers. It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the Society ...
(AI)
* Asia Pacific Real Estate Association(APREA)
* Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV)
* Asociación de Promotores Constructores de España (APCE)
* Asociación Española de Análisis de Valor (AEV)
* Asociación Professional de Sociedades de Valoración (ATASA)
*
ASTM International
ASTM International, formerly known as American Society for Testing and Materials, is a standards organization that develops and publishes voluntary consensus technical international standards for a wide range of materials, products, systems and s ...
*
Australian Property Institute (API)
*
British Property Federation (BPF)
*
Building Owners and Managers Association International (BOMA International)
* China Institute of Real Estate Appraisers and Agents (CIREA)
* Commonwealth Association of Surveying and Land Economy (CASLE)
*
CoreNet Global
* Council of European Geodetic Surveyors (CLGE)
* Counselors of Real Estate (CRE)
* European Association for Investors in Non-Listed Real Estate Vehicles
INREV
* European Council of Real Estate Professions (CEPI)
* Gesellschaft für Immobilienwirtschaftliche Forschung e. V. (GIF)
* HypZert GmbH
* International Association of Assessing Officers (IAAO)
* International Consortium of Real Estate Associations (ICREA)
*
International Federation of Surveyors
International Federation of Surveyors ( abbreviated FIG, after the ) is the UN-recognized global organization for the profession of surveying and related disciplines. It was established in 1878, (FIG)
*
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
(IMF)
* International Real Estate Federation (FIABCI)
* International Union of Property Owners (UIPI)
*
Italian Real Estate Industry Association (ASSOIMMOBILIARE)
* Japan Association of Real Estate Appraisers (JAREA)
* Japan Association of Real Estate Counselors (JAREC)
*
National Society of Professional Surveyors (NSPS)
* NP “Cadastral engineers”
* Open Standards Consortium for Real Estate (OSCRE)
*
Property Council of Australia (PCA)
* Property Council of New Zealand (PCNZ)
*
Royal Institution of Chartered Surveyors
The Royal Institution of Chartered Surveyors (RICS) is a global professional body for those working in the Built Environment, Construction, Land, Property and Real Estate. The RICS was founded in London in 1868. It works at a cross-governmental ...
(RICS)
* Seocovi SP (SECOVI)
* Society of Chartered Surveyors of Ireland (SCSI)
* South African Property Owners Association (SAPOA)
*
The Appraisal Foundation (TAF)
The IPMS Coalition
website
A website (also written as a web site) is any web page whose content is identified by a common domain name and is published on at least one web server. Websites are typically dedicated to a particular topic or purpose, such as news, educatio ...
www.ipmsc.org was launched in September 2013. there are more than 80 professional and not-for-profit organisations from around the world working as members of the IPMS Coalition.
References
{{reflist
RICS joins international property measurement standards coalition* http://www.clge.eu/news/index/97
* http://www.ft.com/cms/s/0/79bf642a-aff9-11e2-8d07-00144feabdc0.html
The Economic Times
* http://online.wsj.com/article/PR-CO-20130501-911325.html
* https://web.archive.org/web/20130815213403/http://www.propertywire.com/news/global-news/global-property-measuring-standards-201308128106.html
External links
Official Website
Property management