Price per Square Metre

Price per square metre tells you how much of the property’s total value is assigned to each square metre of floor area. It works by spreading the total price across the usable area, so you can compare homes or commercial spaces of different sizes on a like-for-like basis. This is useful because two properties with different total prices may actually be similar in value once their sizes are taken into account.

Use this when comparing property listings, judging whether a home is expensive for its size, or checking whether a renovation or location is reflected in the asking price. It is also helpful for investors, buyers, and appraisers who want a quick size-adjusted comparison.

• using land area instead of floor area when the comparison is meant to be for internal space
• mixing up square metres and square feet without converting units first
• forgetting that price per m² is a comparison measure, so it does not include other factors like condition or location by itself