URP 3161
Housing and Real Estate Development
Showmitra Kumar Sarkar
Lecturer
Department of Urban and Regional Planning
Khulna University of Engineering & Technology (KUET) Khulna-9203, Bangladesh
Presented by:
Real Estate – Basic Issues
Acknowledgement...
These slides are aggregations for better understanding of the topic mentioned in the previous slide . I acknowledge the
contribution of all the authors and photographers from where I tried to accumulate the info and used for better presentation.
Real Estate
Contractual Rights (i.e. mortgage and lease agreements), Financial
Claims (i.e. stocks and bonds), Interests, Patents and Trademark.
Real Estate is property, refers to anything that can be owned.
Tangible Asset Intangible Asset Physical things (i.e.
automobiles, clothing, land and buildings etc.)
3 Fundamental Ways to Express Real Estate
First: As Tangible Asset Second: As Bundle of Rights
Third: As Industry and Profession
As Tangible Assets
Real Estate can be defined as the land and its permanents improvements.
Improvements to the Land
the components necessary to make the land suitable for building construction or
other uses (i.e. infrastructure and consists of the street, walkways, storm
water drainage systems, and other systems such as water, sewer, electric
and telephone utilities that may be required for land use.)
Improvements on the Land
(i.e. buildings, fences, walls and decks etc.)
As Tangible Assets
Tangible assets include both Real Property and Personal Property.
How personal property can be converted real property?
Personal Property -things that are movable and not permanently affixed
to the land
Real Property
-immovable property (i.e. land and anything
attached to the land)
As Bundle of Rights
Bundle of property rights may be limited in numerous ways (i.e.
land use restrictions).
Rights can be distributed to multiple owners and non-owners.
The value of bundle of rights is a function of the property’s physical, locational and legal characteristics.
the Ownership
Bundle of intangible rights associated with…
Use of the Site Improvements
As Industry and Profession
Real estate professions vary widely and include:
a) Real estate brokerage, leasing and property management services b) Appraisal and consulting services
c) Site selection, acquisition and property development d) Construction
e) Mortgage finance and securitization
f) Corporate and institutional real estate investment
g) Government activities such as planning, land use regulation, environmental protection and taxation.
Refer to the industry activities associated with evaluation, producing, acquiring, managing, and selling real property
assets.
