房地產 is real property consisting of the structures and land on it, and its accompanying natural resources including water, plants or minerals; immovable land of this kind; ownership vested in it, buildings, houses or part of it in general. There are different kinds of real estate as well as various classifications of real estate. Real estate includes all real properties which can be bought, leased, rented, etc. These include: development land, vacant land, agricultural land, housing, industrial real estate, commercial real estate, wildlife real estate, recreational real estate, etc. The scope of real estate also extends to the rights of alienation, liens and similar interests. Real estate deals include buying, selling, leasing, managing, etc., which are based on the type of real estate involved.

A number of economic characteristics of real property may be evaluated while selecting a particular real estate. These may include location, accessibility, utility considerations, value of taxes, and many more. These are evaluated in order to determine the cost of the real property and to assess the value of the user’s good (that is, the income or profit) in exchange of the actual value of real property. This is known as the economic depreciation of real estate.

The location of real estate and its proximity to the sewer systems play an important role in determining the economic characteristics of homes. For instance, if the proximity to the sewer systems is less, the value of homes will be less. The proximity of the main types of streets to the sewer systems, roads, airports, railroads, etc.

Residential real estate includes detached single-family dwellings (detached houses), townhouses, condominiums and cooperative residences. These are the main categories of real estate commonly seen in most cities. Condominiums and cooperative residences are also classified as real estate. These are the second most common types of real estate that are sold and purchased in cities.

Vacant structures such as barns, mobile homes and abandoned warehouses are permanently attached to the land and constitute a category of real estate called manufactured homes. The market values of these real estate properties are determined by various factors such as location, condition, building construction and age, appeal, amenities and financing. Most properties in the manufactured home category are sold on the basis of rent to own, which is the only legally accepted way of obtaining ownership of these properties.

Apart from real estate, there are various other types of real property available in the market. These include personal property (which includes furniture, art, automobiles, jewelry, watches, etc. ), fixtures (such as clocks, televisions, etc. ), personal effects (which include clothing, cosmetics, toiletries, etc.) and personal belongings (which include electronic devices, medications, bank accounts, travel documents and the like).

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