Global Real Estate:Transaction Tools

Chapter 2: The Metric World

In This Chapter

• The metric system applied in real estate• Conversion formulas • Estimating

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Learning the Metric Language

• Provide meaningful information on value, area, and distance

• “Translate” with numbers to communicate value

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Square Feet to Square Meters

Square Feet 10.7639 = Square Meters

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Square Meters to Square Feet

Square Meters x 10.7639 = Square Feet

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Price

• Price per square foot x 10.7639 = price per square meter

• Price per square meter 10.7639 = price per square foot

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Annual or Monthly

• Monthly Cost x 12 = Annual Cost• Annual Cost ÷ 12 = Monthly Cost

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Estimating Area

• Use a factor of 10• DIVIDE square feet by 10 for estimated

square meters• MULTIPLY square meters by 10 for

estimated square feet

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Somewhat Smaller

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Somewhat Larger

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Centimeters and Inches, Meters and Yards

• Centimeters ÷ 2.54 = inches• Inches x 2.54 = centimeters• 100 centimeters ÷ 2.54 = 39.37 inches• 100 centimeters = 1 meter

– Slightly longer than 1 yard

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Hectares and Acres

• Hectares x 2.471 = Acres• Acres ÷ 2.471 = Hectares• 1 hectare = 10,000 square meters

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Skill Practice: Metrics

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Key Point Key Point ReviewReview