Price Per m² Formula:
From: | To: |
Price Per m² is a metric used to compare property values by calculating the cost per square meter. It standardizes pricing across properties of different sizes, making comparisons more meaningful.
The calculator uses the simple formula:
Where:
Explanation: Dividing the total price by the area gives you a standardized value that can be used to compare properties of different sizes.
Details: This calculation is essential for real estate comparisons, investment analysis, and understanding property value distribution. It helps identify whether you're paying primarily for location or actual living space.
Tips: Enter the total price in USD and area in square meters. Both values must be positive numbers. The calculator will automatically compute the price per square meter.
Q1: Why use price per m² instead of total price?
A: Price per m² allows for fair comparison between properties of different sizes, helping you understand value for money.
Q2: What is a good price per m²?
A: This varies greatly by location, property type, and market conditions. Compare with similar properties in the same area.
Q3: Should I only consider price per m² when buying property?
A: No, it's one of many factors. Also consider location, condition, layout, and future potential.
Q4: How does price per m² vary in different areas?
A: Prime locations typically have higher price per m² as you're paying more for location than space.
Q5: Can I use this for commercial properties?
A: Yes, but commercial properties often have additional valuation metrics like yield and occupancy rates.