Property Market

The property market, also known as the real estate market, refers to the economic sphere in which properties (including residential, commercial, and industrial real estate) are bought, sold, rented, or leased. It encompasses the interactions between buyers, sellers, landlords, and tenants, and is influenced by various factors such as supply and demand, economic conditions, interest rates, and government policies. The property market is characterized by transfers of ownership, changes in property values, and the availability of financing for purchases or investments. It plays a significant role in the broader economy as it affects construction, employment, and wealth accumulation. Overall, the property market is a vital sector that impacts individuals and communities, reflecting broader economic trends and societal needs.