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"immovable properties" is grammatically correct and can be used in written English.
The term usually refers to land and buildings, and is often used when discussing legal or financial matters. For example, "The company owns several immovable properties, spread out over the length and breadth of the country."
Exact(3)
Land as immovable properties is mentioned explicitly as an investment asset covered by TTIP.
Abdel-Azzem el-Ashri, a justice ministry spokesman, said a ministerial inventory committee had ordered the "movable and immovable properties" of 572 Muslim Brotherhood leaders to be seized.
Only by meeting both of the conditions can governments levy immovable properties from the citizens.
Similar(57)
Fire insurance is required on immovable property in Germany.
In some societies slaves were considered movable property, in others immovable property, like real estate.
"The substantial amount of immovable property confiscated from European Jews remains unrestituted," they write.
He finds that taxes on immovable property harm growth the least and those on corporate profits hurt it most.
BUYING BASICS In Malta, a foreigner wishing to purchase property needs an Acquisition of Immovable Property permit.
A study by the OECD suggests that taxes on immovable property are the most growth-friendly of all major taxes.
It is generally acknowledged that immovable property taxes are one of the main revenue sources for local government.
For property taxes to become a much bigger source of revenue, governments must apparently ensure people don't realise how much they are paying.Sources"Taxing Immovable Property.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com