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:
“Perpetual modernness is the measure of merit, in every work of art; since the author of it was not misled by anything short- lived or local, but abode by real and abiding traits.”
—Ralph Waldo Emerson (1803–1882)
“I ‘gin to be aweary of the sun,
And wish th’ estate o’ the world were now undone.”
—William Shakespeare (1564–1616)