Glossary

Real estate refers to land and any physical structures built on it, such as buildings, houses, or other immovable property.

It encompasses various sectors, including residential, commercial, and industrial properties. Real estate can be bought, sold, or leased, and it serves as a popular investment asset for individuals and institutions alike. 🏠🏢

For example, in the UK, investing in residential properties like flats or houses can generate income through rent, or capital gains can be earned by selling the property at a higher price in the future.

Fun fact: The most expensive home ever sold in the UK is a mansion at 2-8a Rutland Gate in London, which was reportedly purchased for a staggering £210 million in 2021. 💷🤯