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
Both words relate to the supply, demand, and prices of real estate. The „Wohnungsmarkt“ is limited to apartments for rent or purchase. The „Immobilienmarkt“ is broader and can also include houses, plots of land, and commercial buildings.
Auf dem Wohnungsmarkt der Stadt sind bezahlbare Mietwohnungen knapp.
Affordable rental apartments are scarce on the city's housing market.
Auf dem Immobilienmarkt der Stadt werden auch Grundstücke und Bürogebäude angeboten.
The city's real estate market also offers plots of land and office buildings.
