The Property market is a sector of the economy that deals with the buying, selling, and renting of real estate. It includes residential, commercial, and industrial properties, as well as land and other related assets. Property markets are often influenced by economic and political factors, such as interest rates, taxation, and government regulations.
The property market is composed of a variety of participants, including buyers, sellers, landlords, tenants, developers, and investors. Buyers and sellers typically use real estate agents or brokers to facilitate the transaction. Developers are responsible for constructing new properties, while investors purchase existing properties for rental income or capital appreciation.
The property market is an important part of the economy, providing jobs and income for many people. It is also a major source of revenue for governments, as taxes are often levied on property transactions.
Some of the major companies in the property market include CBRE, JLL, Colliers International, and Cushman & Wakefield. Show Less Read more