Why is real estate both physical and equity?

Real estate refers to the tangible part of real estate. The real value of real estate not only affects the use of real estate, but also determines its value. The importance of true value far exceeds intangible assets such as patents and copyrights. Real estate rights and interests refer to intangible and untouchable parts such as the ownership and use right of real estate. The rights and interests of real estate determine the right holder's possession, use, income and disposal of real estate, and also determine the value of real estate to a great extent. It is precisely because the rights and interests of real estate are very important that the transfer of real estate must go through the transfer procedures, and it is not enough to transfer only the real thing.