The @property decorator can be used to define methods in a class which act like attributes. One example where this can be useful is when exposing information which may require an initial (expensive) lookup and simple retrieval thereafter.

Given some module foobar.py:

class Foo(object):
    def __init__(self):
        self.__bar = None

    @property
    def bar(self):
        if self.__bar is None:
            self.__bar = some_expensive_lookup_operation()
        return self.__bar

Then

>>> from foobar import Foo
>>> foo = Foo()
>>> print(foo.bar)  # This will take some time since bar is None after initialization
42
>>> print(foo.bar)  # This is much faster since bar has a value now
42

If you want to use @property to implement custom behavior for setting and getting, use this pattern:

class Cash(object):
    def __init__(self, value):
        self.value = value
    @property
    def formatted(self):
        return '${:.2f}'.format(self.value)
    @formatted.setter
    def formatted(self, new):
        self.value = float(new[1:])

To use this:

>>> wallet = Cash(2.50)
>>> print(wallet.formatted)
$2.50
>>> print(wallet.value)
2.5
>>> wallet.formatted = '$123.45'
>>> print(wallet.formatted)
$123.45
>>> print(wallet.value)
123.45

When you inherit from a class with a property, you can provide a new implementation for one or more of the property getter, setter or deleter functions, by referencing the property object on the parent class:

class BaseClass(object):
    @property
    def foo(self):
        return some_calculated_value()

    @foo.setter
    def foo(self, value):
        do_something_with_value(value)


class DerivedClass(BaseClass):
    @BaseClass.foo.setter
    def foo(self, value):
        do_something_different_with_value(value)

You can also add a setter or deleter where there was not one on the base class before.

While using decorator syntax (with the @) is convenient, it also a bit concealing. You can use properties directly, without decorators. The following Python 3.x example shows this:

class A:
    p = 1234
    def getX (self):
        return self._x

    def setX (self, value):
        self._x = value
            
    def getY (self):
        return self._y

    def setY (self, value):
        self._y = 1000 + value    # Weird but possible
        
    def getY2 (self):
        return self._y

    def setY2 (self, value):
        self._y = value
        
    def getT    (self):
        return self._t

    def setT (self, value):
        self._t = value
        
    def getU (self):
        return self._u + 10000

    def setU (self, value):
        self._u = value - 5000
            
    x, y, y2 = property (getX, setX), property (getY, setY), property (getY2, setY2)
    t = property (getT, setT)
    u = property (getU, setU)
    
A.q = 5678

class B:
    def getZ (self):
        return self.z_
    
    def setZ (self, value):
        self.z_ = value
        
    z = property (getZ, setZ)
    
class C:
    def __init__ (self):
        self.offset = 1234

    def getW (self):
        return self.w_ + self.offset
        
    def setW (self, value):
        self.w_ = value - self.offset
        
    w = property (getW, setW)
    
a1 = A ()
a2 = A ()

a1.y2 = 1000
a2.y2 = 2000

a1.x = 5
a1.y = 6

a2.x = 7
a2.y = 8

a1.t = 77
a1.u = 88
    
print (a1.x, a1.y, a1.y2)
print (a2.x, a2.y, a2.y2)
print (a1.p, a2.p, a1.q, a2.q)

print (a1.t, a1.u)

b = B ()
c = C ()

b.z = 100100
c.z = 200200
c.w = 300300

print (a1.x, b.z, c.z, c.w)

c.w = 400400
c.z = 500500
b.z = 600600

print (a1.x, b.z, c.z, c.w)