What are The Types of Real Estate?

Have you asked yourself, how many types of real estate exist? How to differentiate them? What is their classification? and else…. all this, to deliver the best shopping experience to your customers (here we will tell you what they prefer).

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Real estate is what by its nature cannot be moved, called real estate. Real estate coincides with immovable property such as buildings, land, and any derivative of these that are fixed to the land. They are so-called because they cannot be moved. Real estate is land or physical property that is part of the market and is a property that can be bought, sold, and traded.

In economics, a good is a possession or object for the purpose of satisfying a need and that has an explicit economic value; the reason why a property is immovable since it is not feasible to transfer it from one point to another; that is, a real estate is the constructions that are on a piece of land, as well as its improvements.

TYPES OF REAL ESTATE

The most common classification of properties, groups the definitions of the Civil Code into three categories. Properties according to their nature (soil and subsoil). Their incorporation (buildings), and according to their destination (elements that form part of the property).

BY ITS NATURE: SOIL AND SUBSOIL

Buildings can be classified according to their relationship with the soil or subsoil to which they are attached.

FOR ITS INCORPORATION: BUILDINGS

Another way of classifying real estate is by how it has been assimilated into the land. For example, real estate can be incorporated into the land by anchoring (e.g. buildings or roads).

BY DESTINATION: THEY ARE PART OF THE PROPERTY

The property according to its purpose is those elements that the person who owns the property has added for its exploitation or decoration.

BY MEMBERSHIP: REAL ESTATE INSTALLATIONS

This classification includes elements that are able to move from one place to another. And are installed in the building structure such as windows, doors, etc.

BY REPRESENTATION

Real estate by representation is considered to be those documents that accredit a person or group as the owner of real estate. For example the Land Registry or the deeds of the house.

BY LOCATION

Depending on whether the farm or real estate business is located in the countryside or in the city, it can be classified between:

Rustic property: extension of land intended for agricultural exploitation which includes land such as fields or mountains. Construction in rustic farmhouses is limited and subject to economic activity.

Urban property: plot or building land within the city.