For everybody who is not a native speaker hearing the first time the wording “real estate” might seem odd. What is the meaning of real estate?
“Real” means “existing, true” as per the Latin origin from the root “res” meaning “thing”. Some also believe it comes from another root (rex) that means royal as in the past only the royals were landowners. However, as the British don´t use the words real estate, they would rather say “property”, I find it unlikely. But who can know for sure?
According to https://www.lexico.com/en/definition/estate Estate has its origin in Middle English (in the sense ‘state or condition’) and that comes from Old French “estat” which came from Latin root “stare” meaning ‘to stand’.
Thinking of the origins of the words real estate makes total sense to describe a property.
Real Estate Meaning – what do we usually understand?
Or better, many words relate to pictures in our head. For me, if I hear real estate, I think of and nice land with green grass and a fancy house.
Many would define it as land and anything immovable on it, such as buildings. Often, it would include air rights above the land and underground rights below the land.
In the past real estate meant a lot to people. It was their livelihood. That´s where they would live and grow their food, raise livestock etc. In todays modern live things have change a bit. A family no longer need to have a big estate to support themselves. Nevertheless, real estate is still very important for us. Naturally, everybody needs a place to live.
In addition, many people work in the property sector. The real estate industry is estimated to give jobs to at least 4 million people worldwide. However, his is just an estimate as many countries have no real estate license laws.
Above all, the biggest question can only be answered by yourself.
What does real estate mean for you?
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