The article discusses the legal and financial aspects of managing real estate, including market analysis, investing, and mortgage lending. It also covers development, effective management of modern real estate, technical building maintenance, taxation, and property valuation. The goal is to provide a comprehensive guide for students studying economics or management, as well as professionals in real estate, appraisal, consulting, and related fields. The findings offer insights into the complexities of real estate management and the importance of understanding various aspects of the market for successful decision-making.