Why the term “Immovable Property” is not used instead of “Real Estate”?
As far as I know the meaning of “real” derives from “royal” and as we all know today, not much royal estate left around the world. So why not use the term IMMOVABLE PROPERTY instead of the unclear REAL ESTATE? Why do they use the term real estate? As in Royal Estate? Estate is like a huge house(s) or a set of buildings with (high) acreage and are usually well taken care of. Only 1% rich can afford it, while immovable property (house, flat, land, even a studio apartment etc.) can be bought by anyone and it does not state it’s “royal” or “real” because everything is real, so no need to add that word “real”. Is there unreal estate? Unreal property? There is movable and immovable property and why not use the term IMMOVABLE PROPERTY more than REAL ESTATE.
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