Web Definition: Real Estate
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property, in contrast with personal property, or personalty. However, for technical purposes, some people prefer to distinguish real estate, referring to the land & fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate & real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. In spite of the name, real estate has no connection with the concept of reality. It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to royal estate, real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England & thus the English language; cognate to Spanish real.
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