Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing."
It is a legal term used in jurisdictions such as the United States, United Kingdom, Canada, Australia and New Zealand.
Read more about Real Estate: Etymology, Business Sector, Residential Real Estate, Market Sector Value, Mortgages in Real Estate
Famous quotes containing the words real and/or estate:
“All ... forms of consensus about “great” books and “perennial” problems, once stabilized, tend to deteriorate eventually into something philistine. The real life of the mind is always at the frontiers of “what is already known.” Those great books don’t only need custodians and transmitters. To stay alive, they also need adversaries. The most interesting ideas are heresies.”
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