Real estate is one of the most common and diverse industries around the globe. Currently, the real estate market is bursting, reaching 65.8% in 2020, and many people still invest their money in land and structures. If you deal in real estate or are interested in investing in it, it helps to break down the different types of real estate to make your choices easier.
There are several types of real estate, each with a unique purpose and utility. The main categories are:
- RESIDENTIAL REAL ESTATE:
Residential Real estate consists of housing for individuals, families, or groups of people. This is the most common type of estate and is the asset class that most people are familiar with. Within residential, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements.
- COMMERCIAL REAL ESTATE:
Commercial Real Estate refers to land and buildings that are used by businesses to carry out their operations. Examples include shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels.
- INDUSTRIAL REAL ESTATE:
Industrial real estate refers to land and buildings that are used by industrial businesses for activities such as factories, mechanical productions, research and development, construction, transportation, logistics, and warehousing. We hope you found this article useful. Please don’t hesitate to contact us for your Real Estate investment plan.
