Price per square meter

How it is used

The standard comparison figure in Turkey, most of Europe and much of the world; the US and UK often use price per square foot. Market reports give average prices per square metre by district.

Example sentences

1. The average price per square meter in this district is around 65,000 lira.

2. On a price per square meter basis, the bigger flat is actually cheaper.

Common collocations

• average price per square meter
• price per square foot
• compare prices per square meter

Related terms

• square footageThe size of a property's floor area measured in square feet, the usual way of describing space in American and many British listings.
• comparablesRecently sold properties that are similar in size, location and condition to the one being valued, used as evidence of its likely price.
• market valueThe price a property would most likely sell for on the open market, between a willing buyer and a willing seller who both know the relevant facts.
• valuationA professional opinion of what a property is worth, or the figure that results. Agents, surveyors and lenders all carry out valuations for different purposes.

More terms: Valuation & Appraisal

• appraisal