What is Real Estate
Real estate refers to property consisting of land and the buildings on it, as well as the natural resources of the land including water, minerals, or vegetation. It encompasses:
Residential real estate: Houses, apartments, condominiums, and other dwellings.
Commercial real estate: Office buildings, shopping centers, and other properties used for business purposes.
Industrial real estate: factories, warehouses, and other properties used for manufacturing or production.
Land: Undeveloped property, agricultural land, and vacant lots.
Real estate also involves the business of buying, selling, and renting these properties. This includes:
Real estate is often considered a significant investment and can be a major component of personal and business wealth. The real estate market can have substantial impacts on local and national economies.