Property owner may be private, collective or common; with the legal determination relating to who has the ‘bundle of rights’ and duties over the property. Ownership is referred to as being self-propagating, which means that the property owner is legally entitled to own the economic benefits of that property.
Although there is often blurring of the boundaries, the commercial property company market is broadly divided into investment companies, traders and dealers. Investment companies and traders usually undertake developments, and whilst investment companies will tend to retain their ownership, traders will usually aim to sell for a trading profit. Dealers simply buy properties or land with the intention of selling at a profit.
