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Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this an item of real property, buildings or housing in general. Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. Commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings.
Central Asia is a subregion of Asia, which stretches from the Caspian Sea in the west to China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. The region consists of the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Central Asia was historically closely tied to the Silk Road trade routes, acting as a crossroads for the movement of people, goods, and ideas between Europe and the Far East. Kazakhstan is the only CIS country to be included in the 2020 and 2019 IWB World Competitiveness rankings. In particular, they have been modernizing the industrial sector and fostering the development of service industries through business-friendly fiscal policies and other measures, to reduce the share of agriculture in GDP. Between 2005 and 2013, the share of agriculture dropped in all but Tajikistan, where it increased while industry decreased. The fastest growth in industry was observed in Turkmenistan, whereas the services sector progressed most in the other four countries. The Central Asia region (CA) comprises the countries of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.