Real Estate

Real estate is all those goods considered real estate, having in common the circumstance of being intimately linked to the land, linked in an inseparable way, physically or legally to the land, such as plots, urbanized or not, houses, industrial naves, that is, so-called farms, in short, that are goods impossible to move or separate from the ground without causing damage, because they are part of the land or are anchored to it. For registration legal purposes, in some legislation ships and aircraft have similar consideration to that of immovable property.

In civil law,the distinction between movable and immovable property has different legal consequences, among which it is worth highlighting, without the aim of completeness, the following:

• Real estate may be registered in a Property Registry,which offers greater protection to rightholders.
• Real estate is the main subject of the mortgage guarantee.
• The terms of usucapion or purchasing requirement for real estate are longer than those required for furniture.

However, the privileged legal protection enjoyed historically by real estate and justified by its greater economic importance has been extended to some movable goods of special value. As a result, it is the registration protection afforded to aircraft, ships or other singular things, as well as the possibility that they may be the subject of a mortgage.

Types of real estate

Real estate can be classified into:

• Real estate by nature, such as soil and subsoil.
• Real estate by incorporation, such as constructions.
• Real estate by destination, those furniture that favors or benefits the property they serve, such as farming or mining utensils