Realestateisthebuying,sellingandrentingofland,buildingsandhousing。Itinvolvescommercialactivitiessuchasbuyingandsellingresidentialandcommercialproperty,financing,investing,developingandmanagingproperties。Realestateisanimportantsectoroftheeconomywhichcontributessignificantlytoeconomicgrowthandemployment。Itinvolveslargeinvestmentsininfrastructure,housingandcommercialbuildingswhichcreatejobsandincreasethevalueofsurroundingareas。Realestatealsoprovidesaplaceforpeopletolive,workandplay,makingitanimportantpartofoursociety。Realestatehasseenarecentsurgeinpopularity,withmanyinvestorslookingtobuypropertyasaninvestmentinthehopesofthenresellingthepropertyforaprofit。Thishasledtoanincreaseinrealestatedevelopment,construction,andmanagement。Realestateisalsobeingusedasaformofinvestmentabroadduetoitslowriskandpotentialforsizeablereturns。