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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 natural world, farmed crops and livestock, water and mineral deposits. Although media usually refers back to the “real property market,” from the angle of residential dwelling, actual property can be grouped into three broad categories primarily based on its use: residential, business and industrial. Examples of residential actual property include undeveloped land, houses, condominiums and city houses; examples of business real property are workplace buildings, warehouses and retail store buildings; and examples of business actual estate embody factories, mines and farms.
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