The additional value a property commands due to its position and access to amenities.
Related terms
- Owner-occupier
A party that buys or leases property to use it themselves rather than as an investment.
- Portfolio
A collection of assets held together to balance risk and return; diversifying a property portfolio across cities, sectors, and currencies limits exposure to an…
- Primary market
New property sold directly by a developer, typically off-plan.
- Primary vs secondary vs tertiary location
A tiering of locations by demand strength and desirability, from prime primary to fringe tertiary; the tier drives yield, liquidity, and risk premium.
- Real asset
A tangible asset with intrinsic value, such as property, land, or infrastructure, as opposed to a paper claim; their inflation resilience is why investors favo…
- Real estate cycle
The recurring pattern of recovery, expansion, hyper-supply, and recession in property markets.
- Real property
Land and everything permanently attached to it, together with the associated rights of ownership.
- Secondary market
Resale of existing property between owners rather than from a developer.