Property Law

What is Gross Square Meters? Calculation Methods and Importance

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What is Gross Square Meters? Calculation Methods and Importance

Gross square meters refers to the total area of a property within its exterior boundaries and is an important measure in real estate transactions.

Gross square meters is the total area calculated from the outer surfaces of a building's exterior walls. This measurement includes the structure's interior space as well as shared common areas.

The Importance of Gross Square Meters

In the real estate sector, gross square meters is a frequently used measure in determining sales and rental prices. As it shows the total area of the apartment, it serves as an important reference for buyers and tenants.

How is Gross Square Meters Calculated?

Gross square meter calculation is done by taking the exterior measurements of the building's outer walls. This includes the apartment's interior space, balconies, shares of common areas, and wall thicknesses.

The Difference Between Gross and Net Square Meters

  • Gross Square Meters: Total area including exterior walls.
  • Net Square Meters: Only the usable area, i.e. the space between interior walls.

Use of Gross Square Meters in Real Estate

Gross square meters is used as area information in listings and contracts. When pricing and comparing properties, it is important to pay attention to the gross square meters.

Conclusion

Gross square meters is a fundamental unit of measurement in real estate buying, selling, and rental transactions. Obtaining accurate and clear information provides benefits in investment and usage decisions.

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