Real estate refers to property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water. This broad term encompasses various types of properties, including residential, commercial, industrial, or agricultural.

Real estate is a significant asset class and can include both tangible assets (physical properties) and intangible assets (property rights). It’s a complex industry involving buying, selling, leasing, and managing properties, often involving legal and financial aspects.