The term real estate or immovable property is the legal term which holds land along with anything permanently affixed to land. Buildings, lands and any property which permanently fixed on the land is said to be the real estate property. Real estate is considered as the identical property, compared to the real property. Technically, some times people will refer the real estate building, land and fixtures covering the ownership rights. The commonly used term for real estate property is real property or immovable property in reference to the common law and jurisdiction. Currently, many economists predict that lack of effective real estate laws will be significant barrier to investment in the developing country.
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