Real estate is different from personal property, which is not permanently attached
Read MoreReal estate is property consisting of land and the buildings on it, along with
Read MoreResidential real estate may contain either a single family or multifamily structure
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Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned.
In markets where land and building prices are rising, real estate is often purchased.
Learn MoreLuxury real estate is sometimes used as a way to store value, especially
In more abstract terms, a real estate transaction, like other financial transactions, causes transaction costs To identify and possibly reduce these transaction costs.
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