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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.

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@BillyDec they explnd the uniquesness of the pc of real estate & the trst fund tht owns it but I always wnted to enter it whn my previous
Suzee623 (Susan ) Fri, 04 Dec 2009 21:06:30 -0000
@BillyDec they explnd the uniquesness of the pc of real estate & the trst fund tht owns it but I always wnted to enter it whn my previous
is frustrated with big banks! BIG FAN OF LOCAL LENDERS FOR REAL ESTATE NEEDS! I keep trying to sell buyers on local banks! PLEASE LISTEN!
justsayjenny (justsayjenny) Fri, 04 Dec 2009 21:06:27 -0000
is frustrated with big banks! BIG FAN OF LOCAL LENDERS FOR REAL ESTATE NEEDS! I keep trying to sell buyers on local banks! PLEASE LISTEN!
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Villa_Specials (Aruba Villa Rentals) Fri, 04 Dec 2009 21:06:19 -0000
EARLY CHRISTMAS SALE ON REAL ESTATE!! SAVE UP TO $190,000 FOR SALE PALMA REAL CONDOS, LUXURY HOMES & INVESTMENT PROPERTIES! contact 586 4290
@BillyDec O wait I ws clsng the windows out & I noticd tht ur blog ws up & I hv nvr gone in2 the mrchndse mart whn I tk my real estate clses
Suzee623 (Susan ) Fri, 04 Dec 2009 21:05:28 -0000
@BillyDec O wait I ws clsng the windows out & I noticd tht ur blog ws up & I hv nvr gone in2 the mrchndse mart whn I tk my real estate clses
Real Estate - Business Phones: Meeting the Needs of the Many http://bit.ly/63yp9l
my1voice_ (my1voice) Fri, 04 Dec 2009 21:05:24 -0000
Real Estate - Business Phones: Meeting the Needs of the Many http://bit.ly/63yp9l
Deepening crisis in commercial real estate - if your lease is coming up for renewal, negotiate a favorable price http://bit.ly/5w8h9S
olsonassociates (Eric E. Olson) Fri, 04 Dec 2009 21:05:12 -0000
Deepening crisis in commercial real estate - if your lease is coming up for renewal, negotiate a favorable price http://bit.ly/5w8h9S

 
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Meta Description: [ Bairnsdale, Lakes Entrance, Metung and Paynesville real estate, selling all classifications of real estate in the East Gippsland area of Victoria. Current listings include homes, land, homeunits, townhouses and commercial properties. ]

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