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Real Estate vocabulary · Property Types & Features

Property

Meaning in real estate, with examples

/ˈprɑːpərti/nounCore term

In real estate, property means: A building, a piece of land or both, especially one that someone owns, sells or rents out. In British English it is also the general word for the real estate business.

In Turkish: mülk, gayrimenkul, taşınmaz

How it is used

One of the most frequent words in the field. As a countable noun it means one building or unit (a two-bedroom property); as an uncountable noun it means real estate in general (property prices, invest in property).

Example sentences

  1. The property has three bedrooms, a garden and a garage.

  2. Property prices in the city centre rose sharply last year.

  3. We manage around forty rental properties for owners who live abroad.

Common collocations

  • property market
  • property prices
  • rental property
  • list a property
  • invest in property
  • real estateLand and anything built on it, such as houses, flats, offices and shops, and also the business of buying, selling and renting them.
  • residentialUsed for, or made up of, homes where people live, as opposed to offices, shops or factories.
  • property managementThe day-to-day running of a property on behalf of its owner, including finding tenants, collecting rent, arranging repairs and dealing with problems.
  • 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.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Property Types & Features

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