Background Overview

Real estate is a crucial sector in both the global and local economy, involving the buying, selling, and leasing of properties. Generally, real estate is divided into two main categories: residential real estate and commercial real estate. The residential sector involves transactions such as houses, apartments, and other properties intended for living purposes. Meanwhile, the commercial sector includes properties used for business purposes, such as offices, shopping centers, and hotel buildings.

The real estate industry has experienced rapid growth along with urbanization and the increasing demand for both residential and commercial spaces. In many countries, this sector serves as an important indicator of the economy, as it is closely tied to infrastructure development, the banking industry, and government policies related to housing and investment.

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