Real estate is the base of any country in the world

Real estate, the definition of which was given even during Roman law, already contained such modern concepts as servitude, that is, restriction of the rights to use real estate, and mortgage, pledge of the property belonging to the person, without changing the owner. All transactions with real estate then represented a simple contract between two persons, without the participation of third parties.

In modern conditions, real estate is property that is recognized as immovable under the current legislation. If it is determined with the objects that define this concept, the real estate is the land in property, including land and any other property attached to the land, firmly associated with it, for example, houses, buildings, structures and other objects. From the point of view of the legal right, real estate is the base, without which the very existence of any developed state or society is impossible. There is one more definition of the interpretation of this definition, real estate is real tangible and landed property, which includes tangible property that can be under the surface of the earth, be attached to the ground, and is above the surface of the earth.

In Russia, the first mention of the very term of movable and immovable property appeared at the time of the progressive rule of Peter I. In 1714, the first decree was issued "On the procedure for inheritance in movable and immovable property" in which land, houses, factories, estates, benches and warehouses belonged to immovable property. Also, real estate recognized subsoil located in the ground, buildings that rise above the ground, such as bridges, mines, dams.

Since that time, almost three hundred years have passed, and the very concept of real estate in our country, as well as in other countries of the world, remains the most controversial in scientific and political circles. Sometimes the legislation of the developed countries of the world is so different from each other that in one country one and the same property can be recognized as immovable, and in another country as movable property. Therefore, in international legal practice, membership by definition is defined as movable or immovable property according to the law of the country where the property is located at the moment.

Real estate and its types can also influence the drafting of civil contracts. For example, only after determining the type of property can you know exactly what form of his gift will be applied. The state registration of property required from the legal point of view also depends on the type of real estate.

From an economic point of view, real estate is viewed as an effective material asset, a reliable tool for income and investment. The main elements of real estate in terms of economic attractiveness are its price and cost, utility and liquidity, as well as the ability to satisfy the interests and various needs of the population. Real estate can also act as a filler of local or municipal budgets, through constant taxation of real estate transactions or deductions for its lease or sale.

From a social point of view, the role of real estate is reduced to meeting the various needs of the population, such as physiological, intellectual, psychological and many others. Not to mention the fact that the possession of real estate in any form and in any country of the world is an indicator of prestige and prosperity, which ultimately forms the social stratum and the division of society into classes.