− | '''Real estate''' or [[immovable property]] is a [[law|legal]] term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as [[building]]s. Real estate (immovable property) is often considered synonymous with '''[[real property]]''' (also sometimes called ''realty''), in contrast with [[personal property]] (also sometimes called ''chattel'' or ''personalty''). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms ''real estate'' and ''real property'' are used primarily in [[common law]], while [[civil law]] [[jurisdiction]]s refer instead to [[immovable property]]. | + | '''Real estate''' is a [[law|legal]] term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as [[building]]s. Real estate (immovable property) is often considered synonymous with '''[[real property]]''' (also sometimes called ''realty''). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms ''real estate'' and ''real property'' are used primarily in [[common law]], while [[civil law]] [[jurisdiction]]s refer instead to [[immovable property]]. Real Estate has been used throughout the industrial age and beyond for personal financial gain and financial independence. |