Hello, it is a pleasure to be able to contribute to the lexicon of all these concepts that we use daily but at some point, we forget what they mean. That is a movable property, real estate, and real estate.
Movable property: Those that can be easily moved from one place to another, maintaining their integrity and that of the property in which they are deposited.
Real Estate: These are all those properties considered real estate, as they have in common the fact that they are intimately linked to the land, inseparably linked, physically or legally, to the land, such as plots of land, urbanized or not, houses, industrial buildings, that is to say, the so-called estates.
Real Estate: The adjective real estate refers to what belongs to or is related to real estate. A property, in turn, is an asset that is inseparably attached to land, both physically and legally. Buildings and land are real estates.
Today we are going to talk about a distinction that we have all heard about but that not many people really know about. So, we start with the difference between movable property, real estate, and real estate.
Before continuing with the classification, we must first define what the goods are. They are those possessions of an individual, person or company, and as we have already said in the previous paragraph, they can be of two types: movable property and real estate.
Movable property is a property that can be easily moved from one place to another, but that we do not usually carry with us when we move. The movable property must have the characteristic of maintaining its complete integrity and that of the property in which it is located. For example, in this case, we are talking about furniture, vehicles, decoration, electronic devices, products for sale, etc.
Real estate is a property that is anchored to the ground, so it is also called real estate. They are inseparably linked to the land so that in this group we include plots, houses, or industrial buildings. Thus, they differ from the previous ones in that we cannot separate them from the land without causing damage to these goods.
Real estate is registered in the Land Registry, so the owners of the property have a higher level of protection over it. In addition, this type of asset is particularly important when granting mortgage loans, as it acts as collateral.
When it comes to differentiating between legal and tax forms, it will depend on the legislation of each country, since in some countries, certain ships and aircraft have a similar status to that of real estate. Therefore, it is necessary to consult the legislation of each State to find out which articles are to be applied to each type of property.