property market
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English
[edit]Noun
[edit]property market (countable and uncountable, plural property markets)
- The buying and selling of real estate
- 2023 November 15, Tessa Wong, “Xi Jinping arrives in US as his Chinese Dream sputters”, in BBC[1]:
- 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.