Real Estate

Real estate essentially deals with the physical property that consists of land, including the buildings constructed on it, as well as its natural resources, such as agricultural crops, minerals, and water. From the business point-of-view, real estate is the profession of buying, selling, and renting of properties, such as lands, buildings, or houses. There are four types of real estate, which are residential real estate that deals with the construction of new homes and resale of homes; commercial real estate that deals with shopping centers, malls, education centers, hotels, and offices; industrial real estate that consists of properties used for manufacturing, research, production, storage, etc.; lastly, land real estate, which includes vacant lands, agricultural farms, and ranches.

Investment in real estate has been highly profitable for ages. However, the industry has seen slow economic growth in key markets across the world, but cross-border investments continue to take place, especially in the commercial sector, such as office spaces, hotels, and shopping complexes. The real estate industry is in risk-off mode and is expected to pick up growth pace in the coming years. Technology, mobile technology, in particular, has been playing a crucial part in driving growth across retail, hospitality, and industrial sectors.