Abstract
In order to understand the property market and the behaviour of prices and yields under changing economic conditions, it is important to understand the nature and characteristics of the ‘goods’ being traded. The term ‘property’ throughout this book refers to land and buildings; what in England would be defined as ‘real’ property, as distinct from ‘chattels’, and in Scotland as ‘heritable’ as opposed to ‘moveable’ property. However, the ‘goods’ traded in the property market are not physical units of land and buildings, but legal rights over land and buildings.
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1984 W. D. Fraser
About this chapter
Cite this chapter
Fraser, W.D. (1984). Property investments and the property market. In: Principles of Property Investment and Pricing. Palgrave, London. https://doi.org/10.1007/978-1-349-17683-0_10
Download citation
DOI: https://doi.org/10.1007/978-1-349-17683-0_10
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-32122-5
Online ISBN: 978-1-349-17683-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)