property market

English

Noun

property market (countable and uncountable, plural property markets)

  1. The buying and selling of real estate
    • 2023 November 15, Tessa Wong, “Xi Jinping arrives in US as his Chinese Dream sputters”, in BBC‎:
      After an initial bounce back, the post-Covid Chinese economy has turned sluggish. Its property market - once a key driver of growth - is now mired in a credit crisis, exacerbating a domestic "debt bomb" that has ballooned from years of borrowing by local government and state-owned enterprises.
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