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The legal arrangement for the right to occupy a dwelling in some countries is known as the housing tenure. Types of housing tenure include owner occupancy, tenancy, housing cooperative, condominiums (individually parceled properties in a single building), public housing, squatting, and cohousing. The occupants of a residence constitute a household. Residences can be classified by, if, and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns. 'Single-family detached home' Major categories in North America and Europe Attached / multi-unit dwellings Apartment – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings. Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit. Terraced house (a. k. a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space. Condominium – Building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. There are townhouse or rowhouse style condominiums as well. Cooperative (a. k. a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Semi-detached dwellings (in UK, a “semi” is by definition two units with a party wall). Duplex – Two units with one shared wall. (in UK, a duplex is an apartment on more than one storey) Single-family detached home Portable dwellings Mobile homes – Potentially a full-time residence which can be (might not in practice be) movable on wheels. Houseboats – A floating home Tents – Usually very temporary, with roof and walls consisting only of fabric-like material. The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of “living space”, excluding the garage and other non-living spaces. The “square meters” figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface definition has been used. It can be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. (A bedroom is defined as a room with a closet for clothes storage.) Major categories in India and the Asian Subcontinent Co-operative Housing Societies (CHS) Condominiums Builder flats Chawls Villas Kothis Havelis Independent Floors Lal Dora – Where people carry out commercial and residential activities both. The size is measured in Gaz (square yards), Quila, Marla, Beegha, and acre. See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market and house or home for more general information. Market sector value - This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (September 2009) Ambox current red.svg This section's factual accuracy may be compromised due to out-of-date information. Please update this article to reflect recent events or newly available information. (March 2013) According to The Economist, “developed economies” assets at the end of 2002 were the following: Residential property: $48 trillion; Commercial property: $14 trillion; Stock: $20 trillion; Government bonds: $20 trillion; Corporate bonds: $13 trillion; Total: $115 trillion. That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance “reserve” assets, natural resources, and human assets. It is not clear if all debt and equity investments are counted in the categories equities and bond. Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing."[1] It is a legal term used in jurisdictions such as the United States, United Kingdom, Canada, Nigeria, Australia, and New Zealand. |
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