Property Prices Index 2016

Property is that which belongs to or with something, whether as an attribute or as a component of said is one or more components , whether physical or incorporeal, of a person's estate; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society.

In economics and political economy, there are three broad forms of property: private property, public property, and collective property.Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways.

Price is the quantity of payment or compensation given by one party to another in return for goods or services or property.

Price sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called the transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.

Share on Google Plus


“Maps are like campfires – everyone gathers around them, because they allow people to understand complex issues at a glance, and find agreement about how to help the land.”