In British usage, however, “real property”, often shortened to just “property”, http://www.realestateintelluride.net/ refers rather to land and fixtures as such while the name “real estate” is fond mostly in the context of probate law, and means all interests in land held by a deceased dude at eradication excluding interests in money arising under a trust for sale of or charged on land.

Rather, it is households that demand housing services: practically one household per house. The caliber and demographic composition of households is variable and not entirely exogenous. It is endogenous to the condominium market in the sense that as the amount of tenement housing social welfare increase, household size will tend also to increase.