Real estate or fixed property is a lawful term that encompasses land along with anything forever affixed to the land, such as buildings. Real estate (immovable property) is often believe identical with real property (also at times called realty), in contrast with personal property also called chattel or personality. On the other hand, for technical purposes, some people prefer to distinguish real estate, referring to the land and equipment themselves, from real property, referring to ownership rights over real estate. The conditions of real estate and real property are used mostly in common law, as civil law jurisdictions refer in its place to immovable property.
In current years, many economists have known that the lack of effective real estate laws can be an essential barrier to investment in many developing countries. In the greater part societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings.
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