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  2. Property rights (economics) - Wikipedia

    en.wikipedia.org/wiki/Property_rights_(economics)

    Property rights are constructs in economics for determining how a resource or economic good is used and owned, [1] which have developed over ancient and modern history, from Abrahamic law to Article 17 of the Universal Declaration of Human Rights.

  3. Real property - Wikipedia

    en.wikipedia.org/wiki/Real_property

    In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an improvement or fixture) to be considered part of the real property, it must be integrated with or affixed to ...

  4. Just compensation - Wikipedia

    en.wikipedia.org/wiki/Just_compensation

    Market value is the prevailing, but not exclusive measure of determining the just compensation owed to a landowner under the Fifth Amendment. Fair Market Value is defined by appraisers as the most probable price, in terms of cash that would be paid by a willing buyer to a willing seller, each being fully informed of the property's good and bad features, with the property being exposed on the ...

  5. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    The highest and best use of a property must be financially feasible: the proposed use of a property must generate adequate revenue to justify the costs of construction plus a profit for the developer. In the case of an improved property, with obvious remaining economic life, the question of financial feasibility is somewhat irrelevant.

  6. Property - Wikipedia

    en.wikipedia.org/wiki/Property

    Hernando de Soto has argued that an essential characteristic of the capitalist market economy is the functioning state protection of property rights in a formal property system which records ownership and transactions. These property rights and the whole legal system of property make possible:

  7. Betterment - Wikipedia

    en.wikipedia.org/wiki/Betterment

    However, the value of private property rights can also increase due to external factors rather than due to investments made by the property rights owners. This is betterment. For example, when the law changes the nature or extent of property rights, such as rezoning to provide additional development rights to property owners, this provides ...

  8. Real estate economics - Wikipedia

    en.wikipedia.org/wiki/Real_estate_economics

    Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...

  9. Economic freedom - Wikipedia

    en.wikipedia.org/wiki/Economic_freedom

    Economic freedom, or economic liberty, refers to the agency of people to make economic decisions. This is a term used in economic and policy debates as well as in the philosophy of economics . [ 1 ] [ 2 ] One approach to economic freedom comes from the liberal tradition emphasizing free markets , free trade , and private property .