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Chapter 18: Property

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asked 5 days ago in BUS 1003H - Introduction to Financial Risk by Ireneus (280 points)

Why is a unique item e.g property, less marketable and what does the uniqueness of property really mean?

1 Answer

+2 votes
answered 5 days ago by Dumie Nyathi (250 points)

Unique with regards to property means that no two properties are alike, and as such the value of each is unique to that particular property. So to sell property you would have to find someone who wants that particular property with the features that it has,which is not an easy task compared to selling something that is standardised like a phone for example, hence uniqueness of property makes it less marketable.