Issues in the understanding of property market process

The property market is an integral, but little recognised, component of both the study and practice of a wide range of activities within the built environment. As such, it is host to a range of diverse and often conflicting interpretations by academics, professionals and students, as a consequence of their diverse experiences. This paper highlights this diversity by reference to literature sourced from a number of relevant professional areas with a focus on urban planning and development. It can be of benefit to students by enabling them to perceive and accept the conflicting messages encountered through their exposure to the study of the built environment.