When we talk about real estate, we see a term defining and including any commercial or private activity related to real estate. The term commonly refers to the management and transaction activities carried out on these properties, but it also covers many additional activities such as housing, construction, development, consulting, urban planning, architecture, management, etc. Law and finance are essential fields of activity for the smooth running of the real estate market. Real estate refers to a property or object that cannot be moved: the Latin root “im-mobilis” is the negation of the Latin adjective “mobilis,” meaning “that can be moved or stirred.”

Movable property that can be moved is distinguished from real estate that cannot. “Real estate” can therefore include:

undeveloped land, i.e., land without buildings (also called “land”),

a building or part of a building, regardless of its use (a building can have many uses: residential, office, storage, industrial, or even mixed use).