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Real estate is property consisting of land and the buildings on it, along with its
natural resource Natural resources are resource Resource refers to all the materials available in our environment which help us to satisfy our needs and wants. Resources can broadly be classified upon their availability — they are classified into renewabl ...
s 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 Housing, or more generally living spaces, refers to the construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford Eng ...

housing
in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a
farm A farm (also called an agricultural Agriculture is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary Image:Family watching television 1958.jpg, Exercise trends, Increases i ...

farm
.


Residential real estate

Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns. ;Major categories * Attached / multi-unit dwellings **
Apartment An apartment (), or flat (, ), is a self-contained (a type of residential ) that occupies only part of a building, generally on a single story. There are many names for these overall buildings, see below. The of apartments also varies ...

Apartment
(American English) or
Flat
Flat
(British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story
apartment building An apartment (American English American English (AmE, AE, AmEng, USEng, en-US), sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States. Currently, Americ ...

apartment building
s. ** Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit. **
Terraced house In architecture and city planning, a terrace or terraced house (British English, UK) or townhouse (American English, US) is a form of medium-density housing that originated in Europe in the 16th century, whereby a row of attached dwellings party ...
(a. k. a. ''townhouse'' or ''rowhouse'') – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space. **
Condominium A condominium (or condo for short) is a building structure A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, ...
(American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are ''townhouse'' or ''rowhouse'' style condominiums as well. The British equivalent is a block of flats. **
Cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous The federal subject The federal subjects of Russia, also referred to as the subjects of the Russian Federation (russian: субъекты Российск ...
(a. k. a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. *
Semi-detached A semi-detached house (often abbreviated to semi) is a single family duplex dwelling house that shares one common wall A wall is a structure and a surface that defines an area; carries a load; provides security, Shelter in place, shelter, or ...
dwellings ** Duplex – Two units with one shared wall. * Detached dwellings **
Detached house A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. ...
or
single-family detached house A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. ...
* Portable dwellings **
Mobile home A mobile home (also known as a park home, trailer, or trailer home) is a prefabricated Prefabrication is the practice of assembling components of a structure A structure is an arrangement and organization of interrelated elements in a m ...

Mobile home
s or
residential caravan A mobile home (also known as a park home, trailer, trailer home, house trailer, static caravan, RV, residential caravan, motorhome or simply caravan) is a prefabrication, prefabricated structure, built in a factory on a permanently attached ch ...
s – A full-time residence that can be (although might not in practice be) movable on wheels. **
Houseboat A houseboat is a boat that has been designed or modified to be used primarily as a home. Some houseboats are not motorized, because they are usually moored, kept stationary at a fixed point and often tethered to land to provide utilities. ...

Houseboat
s – A floating home **
Tent A tent () is a consisting of sheets of or other material draped over, attached to a frame of poles or attached to a supporting . While smaller tents may be free-standing or attached to the ground, large tents are usually anchored using tied t ...

Tent
s – Usually temporary, with roof and walls consisting only of fabric-like material. *Commercial: **
Retail Shop Retail is the sale of goods In economics Economics () is a social science Social science is the branch A branch ( or , ) or tree branch (sometimes referred to in botany Botany, also called , plant biology or p ...
s ** Vehicle Garages **
Warehouse A warehouse is a building for storing goods In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distribution (economics), distribution, an ...

Warehouse
s **
Office An office is a space where an Organization, organization's employees perform Business administration, administrative Work (human activity), work in order to support and realize objects and Goals, plans, action theory, goals of the organizatio ...

Office
s The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface area definition has been used. It can be described more roughly by the number of rooms. A
studio apartment A studio apartment, also known as a studio flat ( UK), a self-contained apartment (Nigeria Nigeria (), officially the Federal Republic of Nigeria, is a country in West Africa. It borders Niger in Niger–Nigeria border, the north, Chad in ...
has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. (A bedroom is a separate room intended for sleeping. It commonly contains a bed and, in newer dwelling units, a built-in closet for clothes storage.) Other categories *
Chawl A chawl ( mr, चाळ, cāḷ, translit-std=ISO) is a type of residential building found in western India India, officially the Republic of India (: ), is a country in . It is the by area, the country, and the most populous in the w ...

Chawl
s *
Villa with early terraced hillside landscape A landscape is the visible features of an area of land Land is the solid surface of Earth that is not permanently submerged in water. Most but not all land is situated at elevations above sea leve ...

Villa
s *
Haveli A ''haveli'' is a traditional townhouse, mansion, manor house, palace or fort in the Indian subcontinent, usually one with historical and architectural significance. The word ''haveli'' is derived from Arabic ''hawali'', meaning "partition" or ...

Haveli
s The size of these is measured in Gaz (square yards), Quila, Marla, Beegha, and acre. See
List of house types This is a list of house types. House A house is a single-unit residential building A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house or factory. Buildings come ...
for a complete listing of housing types and layouts,
real estate trends A real estate trend is any consistent pattern or change in the general direction of the real estate Real estate is property consisting of land and the buildings on it, along with its natural resource , Malaysia Malaysia ( ; ) is a co ...
for shifts in the market, and
house A house is a single-unit residential building A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house A house is a single-unit residential building, which may range ...

house
or
home A home, or domicile, is a space used as a permanent or semi-permanent residence for one or many Human, humans. It is a fully or semi sheltered space and can have both interior and exterior aspects to it. Homes provide sheltered spaces for ...

home
for more general information.


As an investment

In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "
flipping Flipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. The term "house flipping" is used by real estate investors to describe the process of b ...
" involves quickly reselling a property, sometimes taking advantage of
arbitrage In economics Economics () is a social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behav ...
or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and businesspeople from countries without strong
rule of law The rule of law is defined in the ''Oxford English Dictionary The ''Oxford English Dictionary'' (''OED'') is the principal of the , published by (OUP). It traces the historical development of the English language, providing a compreh ...

rule of law
to launder money or to protect it from seizure.


See also

*
Extraterrestrial real estate Extraterrestrial real estate refers to claims of land ownership on other s, s, or parts of by certain organizations or individuals. Previous claims are not recognized by any authority, and have no legal standing. Nevertheless, some private indivi ...
*
Real estate business Real estate business is the profession of buying, selling, or renting real estate (land, buildings, or housing)."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 Sales and marketing It is common practice for an interme ...
*
Real estate economics Real estate economics is the application of economic techniques to real estate market Real estate business is the profession of buying, selling, or renting real estate Real estate is property consisting of land and the buildings on it, alon ...
*
Estate (land) Historically, an estate comprises the houses, outbuildings, supporting farmland, and woods that surround the gardens and grounds of a very large property, such as a country house An English country house is a large house or mansion in ...
*
Land lot In real estate Real estate is property consisting of land and the buildings on it, along with its natural resource , Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists ...
*
Right to property The right to property or right to own property (cf. ownership Ownership is the state or fact of exclusive rights and control over property Property (''latin: Res Privata'') in the Abstract and concrete, abstract is what belongs to or with som ...


References


External links

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