Movableand Immovable Property
Movable property is considered an accessory or complementary part of real estate. For example, the furniture inside a house is part of the furniture and can be sold or moved separately from the property itself.
On the other hand, real estate is a fixed property that can only be moved without causing major damage or alteration to the structure, such as a house, building, land, or business premises. These assets are considered part of the land, and specific laws protect their ownership.
In short, real and personal property are categories used to differentiate between those assets that can be moved and fixed in one place. Movable property is easily transferable, while real estate requires legal and technical procedures for its transfer. Both types of goods have different characteristics and valuations in the market.