Last edited 07 Jan 2021

Real estate


Real estate’ is a legal term which is used to refer to real, or tangible, property. This includes land and the buildings that are on it, as well as any and all natural resources (e.g. minerals, crops, animals, water), as well as the air rights above the land and underground rights below the land.

The real estate sector is concerned with the buying, selling, renting and developing land and buildings.

The different types of land and buildings real estate include:

More detailed classifications are provided by the use class definitions used for planning permission purposes. For more information see: Use class.

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