real estate market
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real estate market
The economic sector concerned with the purchase, sale, rental, and management of land and buildings (real estate).
Die Zinsen haben einen großen Einfluss auf den Immobilienmarkt.
Interest rates have a major influence on the real estate market.
The word is made up of 'die Immobilien' (the plural of 'Immobilie', real estate/property) and 'der Markt' (market). The '-n-' is a linking element that connects the two words. An 'Immobilie' is an 'unbewegliches Gut' (immovable asset) such as a plot of land or a house.
Er arbeitet als Makler auf dem Immobilienmarkt.
He works as a broker in the real estate market.
To describe a situation or activity in this sector, the preposition 'auf' with the dative is almost always used: 'auf dem Immobilienmarkt' (on/in the real estate market).
Die Preise auf dem Immobilienmarkt sind in den letzten Jahren stark gestiegen.
Prices on the real estate market have risen sharply in recent years.
Common phrases are 'die Lage auf dem Immobilienmarkt' (the situation on the real estate market), 'die Entwicklung des Immobilienmarktes' (the development of the real estate market), or 'in den Immobilienmarkt investieren' (to invest in the real estate market).
Die aktuelle Lage auf dem Immobilienmarkt macht es schwer, eine Wohnung zu finden.
The current situation on the real estate market makes it hard to find an apartment.
Although the term comes from economic language, it is very common and is used regularly in the news and in everyday conversations about housing and finances.
Die Nachrichten berichten täglich über die Entwicklung am Immobilienmarkt.
The news reports daily on developments in the real estate market.
housing market
'der Wohnungsmarkt' and 'der Immobilienmarkt' both have to do with supply, demand, and prices for housing or buildings. 'Wohnungsmarkt' is narrower: it is mainly about apartments or housing, for example rents, available apartments, and looking for a place to live. 'Immobilienmarkt' is broader and more economic. It includes apartments, houses, land, and also buying, selling, renting, or managing property. The words can be confused because apartments and housing are also real estate. If it is about looking for a rental apartment, 'Wohnungsmarkt' is more precise. If it is about buildings and land in general, 'Immobilienmarkt' fits better.
Wegen der hohen Zinsen hat sich der Immobilienmarkt in diesem Jahr verändert.
Because of high interest rates, the real estate market has changed this year.
In der Stadt ist der Wohnungsmarkt so angespannt, dass viele lange suchen müssen.
In the city, the housing market is so tight that many people have to search for a long time.