Property is an item or pieces of items that you own or for which you have any legally recognized rights. In other words property is anything which has value and can be sold, traded or exchanged. There are many different kinds of property. The most common is real estate property, which is property situated on land. Real estate property includes houses, apartments, condominiums, and commercial and industrial buildings. Personal property refers to anything you own that is not real estate, such as cars, appliances, clothing, computers, and jewelry. Intangible property is any type of property that does not have physical form, such as patents, trademarks, and trade secrets. Ary Laguna location