Real estate, or immovable property, is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.

The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.

Background

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In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. However, in many developing countries, there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes.

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landrushnow (LandRushNow.com RE) Sun, 20 Dec 2009 02:15:59 -0000
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Seven More Banks Fail: Troubled real estate loans, both residential and commercial, lie behind many of the bank.. http://bit.ly/8tktsZ
DevelopmentMgrs (DMI) Sun, 20 Dec 2009 02:15:55 -0000
Seven More Banks Fail: Troubled real estate loans, both residential and commercial, lie behind many of the bank.. http://bit.ly/8tktsZ
People's 1st Community Bank loses millions over the past year: They had a narrow focus in real estate lendi.. http://bit.ly/6HiJ6e
FloridaRRE (Florida RRE) Sun, 20 Dec 2009 02:15:51 -0000
People's 1st Community Bank loses millions over the past year: They had a narrow focus in real estate lendi.. http://bit.ly/6HiJ6e
Applications for home purchase loans soared 42 percent last week on a non-seasonally-adjusted, Real Estate http://is.gd/5oZhj
garykholden (Gary Holden) Sun, 20 Dec 2009 02:15:29 -0000
Applications for home purchase loans soared 42 percent last week on a non-seasonally-adjusted, Real Estate http://is.gd/5oZhj
The new SoCal land rush - Lansner on Real Estate : The Orange ... http://bit.ly/8NeOzo
timnorris20 (Tim Norris) Sun, 20 Dec 2009 02:15:11 -0000
The new SoCal land rush - Lansner on Real Estate : The Orange ... http://bit.ly/8NeOzo
It looks like real estate is starting to get better over here
dstlvr98 (Sherman Smith) Sun, 20 Dec 2009 02:14:30 -0000
It looks like real estate is starting to get better over here

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