Real Estate includes land (measured in area), any residential, commercial property built upon it.
It's value is usually based on the area and individual value of the types of assets (homes, buildings, parks, schools, even office cubicles) that are accommodated in that area along with the immediate surroundings (access to transportation, business opportunities and several other factors ).
The term "real estate" refers to the land and fixtures together, as opposed to "real property" which refers to ownership rights of the land and anything affixed to it.
Many laws are based on distinguishing between "real" property (land and anything affixed to it) and "personal" property (everything else, e.g., clothing, furniture, money).
With the legal protection associated with private property ownership, real estate has become a major area of business.
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