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Equivalent SQM factors in not just the built interior area, but also outdoor spaces like balconies, gardens, or storage rooms, using standard real estate coefficients (e.g., a balcony might be calculated at 50% of its actual size).
Imagine two identical apartments—one features a standard 10 sqm balcony, while the other boasts a massive 50 sqm terrace. We need a fair and transparent way to reflect that extra outdoor luxury in the property's value.