Real estate refers to the property consisting of land, buildings, and the natural resources on or under it, including crops, minerals, or water. It encompasses both residential and commercial properties and includes any tangible assets that are permanently attached to the land such as houses, apartments, offices, factories, warehouses, and retail spaces. Real estate can be bought, sold, rented, or leased, and it is considered as a form of investment. It is a significant sector of the economy, involving various professionals such as real estate agents, brokers, developers, investors, and lenders.
Real estate also refers to the industry that involves the buying, selling, and development of properties. This industry encompasses activities such as property management, appraisals, financing, construction, and marketing. Real estate is often seen as a tangible and stable asset class that can provide potential returns through rental income, property value appreciation, or redevelopment. It plays a crucial role in providing housing, commercial spaces, and infrastructure for individuals and businesses.