The issue addressed here is what types of property are protected by the law and by what qualities they are chosen for such protection. It is then proposed to consider whether it is helpful and possible to draw an analogy between the concepts of “protected persons” and “protected property.” Limited space will be given to the issue of protection of cultural property. The protection of property in land warfare is the main target of examination. The focus when selecting evidence is placed on existing treaties and cases from international tribunals (including the ICTY) dealing with cases arising from international conflicts. The conclusion contains seven principles regarding the protection of property, as evidenced by practice.