He adjective real estate It refers to that pertaining or relative to real estate . A property On the other hand, it is a good that is linked to a land in an inseparable way, both physically and legally. The buildings and the plots They are real estate.
For example: “The government announced that it has authorized a real estate venture on the southern beaches”, “I am very happy: they have granted us a real estate loan to build a new house”, “The real estate offer of this neighborhood is very varied and can be found from old houses to brand new properties”.
As noun , a real estate is a company Dedicated to construction, sale, rental and administration from households . Each real estate can perform all these activities or only some (such as limited to the sale and rental of properties): "Tomorrow we have to go to the real estate company to sign the rental agreement", "The person in charge of the real estate agency said he will pass by the house tomorrow to assess it", "We have already visited four real estate agencies and have not yet found any housing according to our needs".
The real estate agency usually has a local where those interested in real estate can approach both to consult the offer of homes for rent or for sale, as to offer their own houses. The real estate agency is responsible for promoting the proposals and making the necessary steps to bring the parties closer, charging commissions because.
Let's see how the deal . A man asks a real estate agent to manage the rental of a home of your property. The real estate publishes a notice in a newspaper and a family is about to rent the house. Upon completion of the operation, the real estate company charges a percentage of the contract to the owner of the house and another to whom he rents it.
Global Real Estate Bubble
The concept of global real estate bubble refers to the progress of the prices of the real estate that took place in much of the industrialized countries of the West between the mid-1980s and 2006. This increase greatly exceeded the proportion suffered by other goods and services and caused an inevitable generational fracture, since Housing is a basic good for any human being.
The explosive increase in prices in the real estate sector took place in two periods: the first occurred in the second half of the 1980s; the second, in the first half of the 2000s. Some of the organisms Officers whose reports reflect this situation are the American Federal Reserve and the OECD.
In Germany the situation it was different due to the costs of the German reunification (The political and social changes that took place between 1989 and 1990, which ended when the former German Democratic Republic and the German Federal Republic were unified). Japan was another of the industrialized countries that experienced the housing bubble with certain peculiarities, especially because of its extraordinary initial rise, which resulted in an earlier outbreak.
The disasters that broke out of the real estate bubble were greater than necessary because the specialized media and experts relevant to the world of economy they took too long to report the situation, and misrepresented the data so as not to communicate the situation in reality with complete clarity.
Although the way and intensity with which each country was affected by the housing bubble was different, the following lived in the same two periods indicated in previous paragraphs, so it is possible to say that they suffered the same phenomenon: Australia, Denmark, Belgium, Greece, France, Ireland, Holland, Italy, Norway, Portugal, Spain, Sweden, New Zealand, South Africa, United States and Great Britain.