property market

The property market refers to the buying, selling, and renting of real estate, including homes, apartments, and commercial spaces. It is influenced by factors like interest rates, economic health, and supply and demand. When demand for properties increases or new construction slows, prices tend to rise. Conversely, if fewer people are looking to buy or rent, prices may fall. The property market can fluctuate over time, affecting affordability and investment opportunities. It is a key component of the broader economy, reflecting overall financial health and influencing personal wealth and development.