International Research Journal of Finance and Economics - Issue 24 (2009)
243The present study is dependent more on secondary data. Primary data is not used due to thereliability of the data. The factors in the present paper are the Macro Economic factors for which thesecondary data is more suitable and reliable. The collected in the aforesaid manner have been tabulatedin condensed form to draw the meaningful results. To analyze the data tables, percentage and graphswere used.
Prices, features of flat, material used and advertising.
Customer awareness, presences and their perception about property.
Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land alongwith anything permanently affixed to the land, such as buildings. Real estate is often consideredsynonymous with real property (also sometimes called reality), in contrast with personal property (alsocalled personality). However, in technical terms, real estate refers to the land and fixtures themselvesand real property are used primarily in over real estate. The term real estate and real property are usedprimarily in common law, while civil law jurisdiction refers instead to immovable property. In law, theword real means relating to a thing as distinguished from a person. Thus the law broadly distinguishesbetween real property (land and anything affixed to it) and personal property (everything else e.g.clothing, furniture, money).
Real Estate Business Includes:
With the development of private property ownership, real estate hasbecome a major area of business. Purchasing real estate requires a significant investment and eachparcel of land has unique characteristics, so real estate industry has evolved into several distinct fields.Some kind of real estate businesses include-
Appraisal – Professional valuation services
Brokerage – Assisting buyers and sellers in transactions
Development – Improving land for use by adding or replacing buildings
Property Management – Managing a property for its owner(s)
Real Estate Marketing – Managing the sale side of the property business
Relocation Services – Relocating people or business to difficult countryTypes of Ownership Interests: Real property (immovable property) can refer to the real estateitself or to various types of ownership interests in real estate, including:
Provides the owner the right to use the real estate for any lawful purpose and sellwhen and to whom the owner wishes.
An interest in real estate which is granted to a life tenant until that person dies. Theinterest terminates upon the death of the life tenant.
Estate for years:
Similar to life estate but term are a specified number of years.
The right to posses and use real estate pursuant to the terms of a use.
The right to posses the free interest in real estate after the expiration of a life estate,estate for years or leasehold.
Concurrent or co-tenancy:
The ownership of an interest in real property by more than oneparty. Rights of any single party may be limited in various ways depending on the jurisdictionand type of concurrency.
Participants of Real Estate Market:
The main participants in the real estate markets are-