What characteristic of land refers to its inability to be moved?

The characteristic of land that refers to its inability to be moved is immobility. Land is inherently fixed in its location; it cannot be relocated or transported like personal property. This fundamental quality differentiates land from other types of assets and contributes to the real estate market's unique dynamics.

Immobility emphasizes the importance of location in real estate, as the physical characteristics of land, including its proximity to amenities and its geographical features, play a vital role in determining its value. The concept of immobility highlights how land is tied to the specific geographic area where it exists, making it a critical factor for property ownership, development, and investment decisions.

Permanence, while related, refers more broadly to the durability of land and improvements upon it. Indestructibility speaks to the fact that land itself cannot be destroyed, though it can change in form or use. Scarcity refers to the limited supply of land in certain desirable locations, which impacts its value but does not pertain to the concept of being movable or fixed.