Word: Real Estate
Definition:
"Real estate" refers to property that includes land and any buildings or structures on that land. This can be homes, apartments, commercial buildings, and even empty land.
Usage Instructions:
You can use "real estate" when talking about buying, selling, or renting property. It is often used in discussions about housing, investments, and property management.
Example:
- "They decided to invest in real estate by buying a house and renting it out."
Advanced Usage:
In more advanced discussions, "real estate" can also refer to the industry involved in buying, selling, and managing properties. People who work in real estate are often called real estate agents or brokers.
Word Variants:
- Real Estate Agent: A person who helps people buy, sell, or rent property. - Real Estate Market: The overall environment for buying and selling property in a certain area.
Different Meanings:
While "real estate" primarily refers to physical property, it can also be used in a more abstract sense to describe valuable areas or resources, such as "digital real estate," which refers to online space (like websites or social media platforms).
Synonyms:
- Property - Land - Real property - Realty
Idioms and Phrasal Verbs:
- "Get into real estate": To start working in the property business. - Example: "After finishing college, she decided to get into real estate."
Understanding "real estate" is important if you're learning about buying houses, renting, or investing in property.