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Definition of real estate noun from the Oxford Advanced Learner's Dictionary

real estate

noun
 
/ˈriːəl ɪsteɪt/,
 
/ˈrɪəl ɪsteɪt/
 
/ˈriːəl ɪsteɪt/
[uncountable] (especially North American English)
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  1. (also realty)
    property in the form of land or buildings
    • My father sold real estate.
    Collocations Moving houseMoving house Renting
    • live in a rented/(especially North American English) rental property
    • rent/​share/​move into a furnished house/(British English) flat/(especially North American English) apartment
    • rent a studio/(British English) a studio flat/(especially North American English) a studio apartment/(British English) a bedsit
    • find/​get a housemate/(British English) a flatmate/(North American English) a roommate
    • sign/​break the lease/​rental agreement/​contract
    • extend/​renew/​terminate the lease/(British English) tenancy
    • afford/​pay the rent/​the bills/(North American English) the utilities
    • (especially British English) fall behind with/ (especially North American English) fall behind on the rent
    • pay/​lose/​return a damage deposit/(North American English) security deposit
    • give/​receive a month’s/​two-weeks’ notice to leave/​vacate the property
    Being a landlord
    • have a flat/​an apartment/​a room (British English) to let/(especially North American English) for rent
    • rent (out)/lease (out)/ (British English) let (out)/sublet a flat/​an apartment/​a house/​a property
    • collect/​increase/​raise the rent
    • evict the existing tenants
    • attract/​find new/​prospective tenants
    • invest in rental property/(British English) property to let/(British English) the buy-to-let market
    Buying
    • buy/​acquire/​purchase a house/(a) property/(especially North American English) (a piece of) prime real estate
    • call/​contact/​use (British English) an estate agent/(North American English) a Realtor™/(North American English) a real estate agent/​broker
    • make/ (British English) put in an offer on a house
    • put down/​save for (British English) a deposit on a house
    • make/​put/​save for (especially North American English) a down payment on a house/​home
    • apply for/​arrange/​take out a mortgage/​home loan
    • (struggle to) pay the mortgage
    • make/​meet/​keep up/​cover the monthly mortgage payments/(British English also) repayments
    • (British English) repossess/ (especially North American English) foreclose on somebody’s home/​house
    Selling
    • put your house/​property on the market/​up for sale/​up for auction
    • increase/​lower your price/​the asking price
    • have/​hold/​hand over the deed/(especially British English) deeds of/​to the house, land, etc.
    Topics Houses and homesc2
  2. the business of selling houses or land for building
    • to work in real estate
  3. (especially on a web page) space that is useful or valuable
    • A company's home page is its most valuable real estate.
    • You can increase screen real estate by moving the taskbar to the right of the screen.
See real estate in the Oxford Advanced American DictionarySee real estate in the Oxford Learner's Dictionary of Academic English
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