John Deo: Immovable Property vs. Real Estate. Why not use Immovable Property more widely in USA?
Why the term “Immovable Property” is not used instead of “Real Estate”? I just looked up in Webster’s Dictonary and “estate” is:
a) large area of land belonging to one person;
b) property owned by a person at the time of death;
So “real estate” is either “actual/real land” or “actual/real property of the deceased”. That does not make sense. Any challengers?
Answers and Views:
Answer by Cristina V
Basically, “real estate” is used in common law and “immovable property” is used in civic law jurisdiction.
Wikipedia has some information about the history of the term “real estate”.
Answer by iesucristoI’d say Immovable Estate would be the candidate term as well. Which is used.
Immovable Estate is land and buildings belonging to the (deceased’s) estate, including permanent fixtures and fittings.
I’ve found websites that uses term “immostate” in various countries like Slovakia, Germany, Latvia etc.
So you can make up all kinds of terms for “real estate”, but the most popular term is Real Estate.
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