What are the physical characteristics of real estate?

When discussing the physical characteristics of real estate, the correct choice highlights three key attributes: immobility, indestructibility, and non-homogeneity.

Immobility refers to the fact that real estate cannot be moved. Each parcel of land is fixed to a location, which fundamentally affects its value, development potential, and usage. This characteristic emphasizes the importance of location in real estate transactions.

Indestructibility signifies that real estate has a lasting nature—the land itself remains despite natural wear or changes, and buildings can withstand a significant amount of damage before reaching a point of total loss. This quality adds to real estate's appeal as an investment since it cannot be easily destroyed or disappear.

Non-homogeneity (or uniqueness) stresses that each piece of real estate is different, with its own specific attributes such as location, size, and features. This uniqueness impacts property values and market dynamics since no two properties are identical, making each a distinct investment opportunity.

The other options present characteristics that do not align with established physical traits of real estate. For example, while liquidity and marketability may be important in assessing real estate investments, they do not reflect inherent physical characteristics. Understanding these core attributes helps in evaluating the distinct nature of real estate compared to other types