Immovables

Immovables refer to real property or real estate, encompassing land and any buildings or fixtures permanently attached to it. This category includes tangible assets that are fixed in location, such as houses, apartments, commercial buildings, and the land they occupy. The term emphasizes the enduring nature of these assets, which cannot be easily moved or transported like personal property. Ownership of immovables confers rights of possession, use, and often the ability to profit from their utilization, sale, or leasing. They are often subject to local real estate law and are often subject to property taxes.

Immovables meaning with examples

• The family's wealth was primarily tied up in their extensive holdings of immovables, including a sprawling farm and a historic manor house passed down through generations. These assets provided both shelter and a significant source of income from agricultural output, representing their stable financial foundation. Selling a substantial part of their immovables was considered, but family tradition kept them from selling.
• As a real estate developer, her portfolio consisted of a diverse range of immovables. This included apartment complexes in bustling city centers, warehouses to meet regional distribution needs, and undeveloped plots of land to be subdivided to hold houses. Careful management of these immovables was crucial for the company's success, maximizing rental income and potential for future sales.
• A local council decided to improve infrastructure. The project involved compulsory acquisition of specific immovables to widen roads and build new public facilities. This contentious process required fair compensation for owners, as the disruption caused to those in those immovables, could impact financial stability and emotional attachment.
• During the economic downturn, the value of immovables decreased. The housing market slump resulted in a decrease in rental income. This challenged property owners and impacted the ability of potential buyers to secure financing for those immovables. There was great fear of negative equity.