Real estate encompasses not just land, but also anything permanently affixed to it, such as buildings, trees, soil, minerals, and so on. This can be classified into two major types - residential and commercial.
Residential real estate refers to property designated for individual or family dwelling such as houses, apartments, condos, townhouses, etc. Commercial real estate refers to buildings or land intended to generate a profit, including offices, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, etc.
There's also industrial and agricultural real estate, each having its own distinct features and specifications. Real estate properties are often bought, sold, and rented through real estate agents or directly by the owners.
Investment in real estate is often viewed as a method to grow wealth, either through a rise in property values or through rental income, or both. Furthermore, real estate market plays a significant role in a country's economic growth and development.