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Actual property is property made up of land and the buildings on it, as well as the natural assets of the land, including uncultivated wildlife, farmed crops and livestock, water and mineral deposits. Though media usually refers back to the “actual property market,” from the attitude of residential residing, real property will be grouped into three broad classes based on its use: residential, business and industrial. Examples of residential real property embrace undeveloped land, homes, condominiums and town homes; examples of business actual estate are workplace buildings, warehouses and retail store buildings; and examples of commercial actual estate embody factories, mines and farms.
