Real estate is a legal term (in some jurisdictions, such as the United
Kingdom, Canada, Australia, USA and The Bahamas) that encompasses land along
with improvements to the land, such as buildings, fences, wells and other site
improvements that are fixed in location—immovable.[1] Real estate law is the
body of regulations and legal codes which pertain to such matters under a
particular jurisdiction and include things such as commercial and residential
real property transactions. Real estate is often considered synonymous with real
property (sometimes called realty), in contrast with personal property
(sometimes called chattel or personalty under chattel law or personal property
law).
However, in some situations the term "real estate" refers to the land and
fixtures together, as distinguished from "real property," referring to ownership
of land and appurtenances, including anything of a permanent nature such as
structures, trees, minerals, and the interest, benefits, and inherent rights
thereof. Real property is typically considered to be Immovable property[2] The
terms real estate and real property are used primarily in common law, while
civil law jurisdictions refer instead to immovable property.