Real estate is the industry that deals with land and buildings, and it encompasses a wide range of terms and concepts. One important concept in real estate is zoning, which refers to the designation of specific areas of land or buildings for certain uses. This can be seen in development plans where different zones are designated for different purposes, and also in the valuation of properties where varying values are assigned to different areas of a building. Understanding zoning is essential in the world of finance as it can greatly impact the value and potential of a property.
