International real estate terminology and practice
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Real estate as “real property” in the U.K. In British usage, “real property”, often shortened to just “property”, generally refers to land and fixtures, while the term “real estate” is used mostly in the context of probate law, and means … Read More

Chain
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A chain (in the process of buying or selling a house) is a sequence of linked house purchases, each of which is dependent on the preceding and succeeding purchase. The term is commonly used in the UK. Each member of … Read More

Luxury real estate
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Luxury real estate (or luxury property in British English) is the real estate market niche targeted at the highest socio-economic group of consumers. Definition The characteristics that define luxury real estate differ among countries. However, location largely defines the property’s … Read More

Real estate investment trusts
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A real estate investment trust or REIT is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, … Read More

Real estate bubbles
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A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property … Read More

Real estate brokers/agents
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A real estate broker is a term in the United States (and real estate agent in Canada) that describes a party who acts as an intermediary between sellers and buyers of real estate (or real property as it is known … Read More

Real estate
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Real estate is a legal term (in some jurisdictions, such as the United Kingdom, Canada, Australia, USA and The Bahamas) that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are … Read More

The Howard Hughes Corporation
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The Howard Hughes Corporation is a major real estate development and management company based in Las Vegas, Nevada, which was founded by Howard Hughes. Later sold to the Rouse Company, it is now a subsidiary of General Growth Properties. History … Read More

Gambling and entertainment investment in Chile
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Merchant bank Clairvest Group Inc. and Clairvest Equity Partners III Limited Partnership are investing $41.6 million in a new gambling and entertainment centre in southern Chile, adjacent to the city of Concepción. The centre will include a casino, hotel, entertainment … Read More