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

---

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.

More on [ Real estate ]

Real Estate - Twitter Search

Prudential Jensen Real Estate - http://tinyurl.com/najfrr
searchboise (searchboise) Sat, 05 Dec 2009 12:52:31 -0000
Prudential Jensen Real Estate - http://tinyurl.com/najfrr
http://bit.ly/3kt9t1 Time to Change your Real Estate Strategy | Get Florida Property ...: F.. http://bit.ly/4ptQtn
northraleighapt (Michael Obama) Sat, 05 Dec 2009 12:51:53 -0000
http://bit.ly/3kt9t1 Time to Change your Real Estate Strategy | Get Florida Property ...: F.. http://bit.ly/4ptQtn
Vancouver - Real Estate Investment Manager Richmond BC: We are seeking a driven, proven leader with experience in ... http://bit.ly/7qutXg
BizcafVancouver (Bizcaf Vancouver) Sat, 05 Dec 2009 12:51:50 -0000
Vancouver - Real Estate Investment Manager Richmond BC: We are seeking a driven, proven leader with experience in ... http://bit.ly/7qutXg
Emerging Trends in Real Estate 2010 by PricewaterhouseCoopers http://bit.ly/5nk5A0 #LoanMod
ShortSalesASAP ( Short Sales ASAP) Sat, 05 Dec 2009 12:50:40 -0000
Emerging Trends in Real Estate 2010 by PricewaterhouseCoopers http://bit.ly/5nk5A0 #LoanMod
New post: Sonoran Desert Golf Properties ,Scottsdale - Real Estate (http://arizonahomenetwork.com/?p=542)
erisona (arizona home network) Sat, 05 Dec 2009 12:50:25 -0000
New post: Sonoran Desert Golf Properties ,Scottsdale - Real Estate (http://arizonahomenetwork.com/?p=542)
http://bit.ly/8cRfj Time to Change your Real Estate Strategy | Get Florida Property ...: For.. http://bit.ly/4ptQtn
northraleighapt (Michael Obama) Sat, 05 Dec 2009 12:50:23 -0000
http://bit.ly/8cRfj Time to Change your Real Estate Strategy | Get Florida Property ...: For.. http://bit.ly/4ptQtn

Subscribe to Real_Estate RSS feed