property market segments & price determinants Flashcards
1
Q
equilibrium
A
where supply meets demand
2
Q
freehold
A
full ownership
3
Q
leasehold
A
temporary ownership, reverts to freeholder
4
Q
common hold
A
mix of freehold for flats, joint ownership of communal areas
5
Q
property market segmentation
A
differentation based on property type and user preferences
6
Q
market segment drivers
A
residential, retail, office, industrial, recreational
7
Q
UK retail market dynamics
A
retail decline: oversupply, changing shopping habits
