Real Estate Basics
Real Estate is a term used to refer to land along with everything that is permanently attached to it such as a house, a building, a plantation or just about anything. The phrase ‘Real Estate’ is used differently in different nationalities. For example, in UK ‘real estate’ is synonymous with ‘property’ and the term is used only to describe the property of a deceased person.
Real Estate Businesses
Private property ownership has seen a lot of development over the years. As a result, the real estate sector is providing lucrative business opportunities for people all around the world.
Looking at its huge scope, real estate industry has been divided into a number of sub sectors.
Here is a list:
- Corporate Real Estate
- Relocation Services
- Net Lease
- Real Estate marketing
- Property Management
- Real Estate Investment
All these sectors are further sub-divided into unique real estate sectors, i.e. residential, commercial and industrial. Construction businesses all over the world are in one way or another, connected to the real estate sector.
Residential Real Estate
Residential real estate can be classified into a number of categories such as apartments, houses, duplexes, condominiums, mobile homes, house boats and tents.
Commercial Real Estate
Commercial Real Estate is a term used to refer to land, buildings or both which are built with the intentions of undertaking commercial operations, i.e. generating profit. These include industrial properties, garages, warehouses, shopping centres, farm houses, retail stores malls, hotels, medical centre and all kinds of industrial property.