Real estate
Real estate is a real property consisting of own land, natural resources and many more. Real estate is different from personal property such as jewellery, furniture, vehicles etc.
Types of real estate
1. Commercial real estate
Commercial real estate is any property which is for business purposes. Example - parks, complex, gas stations, stores, shopping mall, movie hall grocery stores, restaurants, hospitals
2. Residential real estate
Residential real estate is only for own residential purposes. Example - own house, cooperative,multifamily residences and more.
3. Industrial real estate
Industrial real estate is a property which is for industrial purposes. Example - storage, distribution, manufacturing, research and development.
4. Land
Land is for undeveloped property like agricultural lands such as farms, orchards and timberland.
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