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In English common law, real property, real estate, realty, or immovable property is any subsetof land that has been legally defined and the improvements to it made by human efforts: any buildings, machinery, wells, dams, ponds, mines, canals, roads, etc.Real property and personal property are the two main subunits of property in English Common Law.

In countries with personal ownership of real property, civil law protects the status of real property in real-estate markets, where estateagents work in the market of buying and selling real estate. Scottish civil law calls real property "heritable property", and in French-based law, it is called immobilier.

To be of any value a claim to any property must be accompanied by a verifiable and legal property description. Such a description usually makes use of natural or manmade boundaries such as seacoasts, rivers, streams, the crests of ridges, lakeshores, highways,roads, and railroadtracks, and/or purpose-built artificial markers such as cairns, surveyor's posts, fences, official government surveying marks (such as ones affixed by the U.S. Geodetic Survey (USGS)), and so forth.

The law recognizes different sorts of interests, called estates, in real property. The type of estate is generally determined by the language of the deed, lease, bill of sale, will, land grant, etc., through which the estate was acquired. Estates are distinguished by the varying property rights that vest in each, and that determine the duration and transferability of the various estates. A party enjoying an estate is called a "tenant."

sloane is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.

Headquartered in London with 370 offices, employing more than 13,700 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we do is earned by serving our clients and earning their trust.
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