Real estate

Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.

Levels

According to The Economist, "developed economies'" assets at the end of 2002 was

Related Topics:
The Economist - Developed economies

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

• Residential property: $48 trillion
• Commercial property: $14 trillion
• Equities: $20 trillion
• Government bonds: $20 trillion
• Corporate bonds: $13 trillion
• Total: $115 trillion

That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance "reserve" assets, and human assets; also it is not clear if all debt and equity investments are counted in the categories equities and bonds. For US asset levels see FRB: Z.1 Release-- Flow of Funds Accounts of the United States.

Related Topics:
Bank deposits - Insurance - Human assets - Debt - Equity

~ ~ ~ ~ ~ ~ ~ ~ ~ ~