Meaning of the word "property prices" in English

What does "property prices" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

property prices

US /ˈprɑpərti ˈpraɪsɪz/
UK /ˈprɒpəti ˈpraɪsɪz/

Plural Noun

the cost of real estate, including houses, apartments, and land

Example:
Rising property prices are making it difficult for first-time buyers to enter the market.
The government is implementing policies to stabilize property prices.