3 April 2025

Real Estate

Real estate refers to property consisting of land and the buildings or structures that are permanently attached to it. It encompasses various types of properties, including residential homes, commercial buildings, industrial facilities, and undeveloped land. The term also includes the rights associated with ownership, such as the ability to use, sell, lease, or develop the property. Real estate is a significant sector in the economy, involving market transactions for buying, selling, and renting properties, as well as a variety of professionals such as real estate agents, appraisers, and property managers. The value of real estate can be influenced by location, market conditions, and property features.