The term “real estate” is defined1 as land, including the air above it, the ground below it, and any buildings or structures on it. It is also referred to as realty. It covers residential housing, commercial offices, trading spaces such as theatres, hotels and restaurants, retail outlets, industrial buildings such as factories and government buildings.
Progress in work on the various elements of the reform agenda is at different stages. Some reforms have already taken the form of planned legislation or have already entered into force; others will follow this year. Even so, we still have a lot to do.