THE PROPERTY MARKET-PECULIARITIES SUB MARKETS AND ITS ROLE TO THE ECONOMY
Two words are put under consideration, which are property and market MARKET: is said to be a mechanism in which goods and services are voluntarily exchange among different owners, or a place with a geographical dimension where tangible and intangible goods are traded between buyers and sellers to meet their immediate and future needs. On the other hand, a market is an environment or situation where buyers and sellers exchange goods and services, in other words market can be define as an open place or cover buildings where buyer and sellers convene for the sale of goods. TYPES OF MARKET Labour market Stock market Foreign exchange market Property market LABOUR MARKET: Is a place where workers interact with one another. STOCK MARKET: Is the aggregation of buyers and sellers loose network of economic transactions, not a physical facility or discrete entity. FOREIGN EXCHANGE MARKET: Is a physical and institutional through which the money of one country is exchange for that of ano