IPMS meaning in International ?

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 of all types is measured from one market to the next, improving property market data and providing greater transparency.

The 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 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.

On 1 May 2014, the IPMS Coalition comprised the following 39 organisations:

The IPMS Coalition website www.ipmsc.org was launched in September 2013. As of 2017 there are more than 80 professional and not-for-profit organisations from around the world working as members of the IPMS Coalition.