Residential property

A residential property is a type of real estate primarily used as a home or place of residence. It includes houses, apartments, condominiums, and other dwelling types where people live. These properties are designed for daily living needs, providing shelter, privacy, and safety. Residential real estate is often bought, sold, or rented, and can also be an investment, generating rental income or appreciation over time. It differs from commercial or industrial properties, which are used for business purposes. Overall, residential properties are essential for providing housing and supporting community development.