Real Estate Basics

When it comes to real estate buying and selling, many people believe that they have experienced it in life, but for some people who have not been exposed to real estate, they do not know much about real estate, so it is easy to appear in the process of transaction. Question, let’s take a look at what industry is real estate? What is real estate? Friends who are interested in this knowledge, come and have a look.

Real estate:

Real estate, also known as real estate, is a general term for real estate and real estate.

Including: land, buildings, attachments on the ground (roads, walls, etc.).

Ownership of real estate: Real estate can be owned by private individuals, but land is owned by the state and collectives, and the owner only has the right to use it for a certain period of time. Therefore, after the owner purchases a house, what he has is the ownership of the real estate and the land use right of the land occupied by the real estate.

Note: Both real estate and real estate are integral and inseparable. Including material entities and rights and interests relying on material entities. In addition to ownership, real estate rights also include lease rights, land use rights, easements, and pawn rights derived from ownership.

The real estate market is divided into two categories: narrow and broad:

Real estate market in a narrow sense: the place or place where real estate commodities are traded; that is, real estate commodities realize their value through circulation in the interaction of supply and demand;

Real estate market in a broad sense: including land transfer (leasing), transfer, development, real estate sales, leasing, transfer, exchange, trust, and some real estate-related development, construction, repair, decoration and other labor services.

Properties of real estate:

Immovability Vulnerability to restrictions

longevity limited quantity

Diversity of uses Interaction

Real estate by market class:

real estate primary market

Also known as the primary land market, it is the market for the assignment of land use rights, that is, the market through which the state assigns urban state-owned land or rural collective land as state-owned land to users through its designated government departments. The raw land can also be the cultivated land that has been developed to achieve “seven connections and one leveling”. The real estate primary market is a market monopolized by the state.

real estate secondary market

It is a market where land users sell and rent newly built real estate after development and construction. That is, it generally refers to the market formed by commercial housing entering the circulation field for the first time. The real estate secondary market also includes the land secondary market, that is, the land user will reach the land that can be transferred and enter the market for transactions in the circulation field;

real estate tertiary market

Consumption in nature. At this time, the real estate is in horizontal circulation, that is, the equal transfer between users and operators, which is manifested as transaction behavior between users. It reflects the market price with utility as the value scale, and it is the market behavior under the condition of adjusting demand, such as private house renting and selling, which is the third-level market behavior.

Real estate by use:

residential real estate

commercial real estate

tourism real estate

Industrial real estate

agricultural real estate

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