A characteristic of property is:

Question

Quizplus · Accepted Answer

Property is generally regarded as an illiquid form of investment, meaning that it is not easily convertible to cash. Entry and exit costs can also be relatively high compared to other investments. Option A is incorrect as property is a tangible form of investment, and option C is incorrect as returns can come from both income and capital appreciation. Option D is also incorrect as exit costs can be high, such as real estate agent fees and transaction taxes.

A Characteristic of Property Is