housing market
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housing market
The overall supply and demand for apartments or housing (to rent or buy) in a particular region or country.
In Großstädten ist der Wohnungsmarkt oft sehr angespannt.
In big cities, the housing market is often very tight.
This word is composed of 'Wohnung' (apartment), the linking -s, and 'Markt' (market). So it literally describes the 'Markt für Wohnungen' (market for apartments).
Die Politik diskutiert Maßnahmen, um den Wohnungsmarkt zu entlasten.
Politicians are discussing measures to ease pressure on the housing market.
When talking about the situation or activities in this area, the preposition 'auf' is almost always used.
Auf dem Wohnungsmarkt in Berlin ist es schwer, eine bezahlbare Bleibe zu finden.
On the housing market in Berlin, it is hard to find an affordable place to stay.
The state of the housing market is often described with certain adjectives. Common combinations are 'angespannt' (tight), 'umkämpft' (competitive), 'überhitzt' (overheated), or 'entspannt' (relaxed).
Wegen der hohen Nachfrage ist der Wohnungsmarkt hier extrem angespannt.
Because of the high demand, the housing market here is extremely tight.
real estate 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.
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.
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.