Lesson 61 Vocabulary
English word English Definition English Example sentence
1 depreciation a decrease in an asset's value Depreciation of our business assets totalled $1,000 last financial year.
2 to appreciate in value to increase in value (an asset) Real estate will typically appreciate in value over time.
3 property value the monetary value of a house or other real estate Property values in Tokyo have skyrocketed recently.
4 to flip a property buying a run-down property below market price, increasing its value and rapidly re-selling it for a quick profit My friend has made a lot of money flipping properties in the last decade.
5 capital gains tax a tax on the profit when you sell or give away something (an asset) that has increased in value I've made so much money flipping properties this year I'm looking for a way to reduce my capital gains tax.
6 a property developer a person or company that develops land or buildings to increase their value John became a property developer after flunking out of architecture school.
7 a property market slump widespread decrease in real estate values Osaka is currently experiencing a property market slump.
8 prospective growth estimated amount a market will grow The prospective growth of the confectionery market saw frenzied bidding on the stock market today.
9 a balloon payment the final payment of a mortgage, usually the biggest After we made the balloon payment, we felt so relieved; the house was ours!
10 a boundary a surveyed line demarcating the physical extent of a property The boundary between our yard and the neighbor's yard was defined by a fence.
11 a seller’s market market conditions favouring the seller It's a seller's market, so I don't want buy a house right now.
12 a buyer’s market market conditions favouring the buyer It's a buyer's market! Buy all the houses you possibly can!
13 a block of land an allotment of land, generally unimproved I bought a block of land in Montana and filled it with beef cattle.
14 to skyrocket to increase rapidly Housing prices skyrocketed right before the crash.
15 realty real estate The company deals with a lot of realty, everything from parking garages to houses to office buildings.
16 real estate property consisting of houses and/or land I don't own any real estate, though I would like to buy some someday.
17 an estate agent person engaged in the selling and leasing of real estate My estate agent contacted me after receiving a bid from some people who wanted to buy my house.
18 one’s estate the whole of one's possessions, especially all the property and debts left by one at death I want my estate to be donated to charity after I die.
19 to be zoned ~ of an area, to be set aside for special use The area was zoned commercial, so there were no houses in it.
20 aesthetic value value related to how something looks The house had very little aesthetic value, so the owners remodeled it.
21 to be residential of an area, to be full of houses Umeda is not very residential; it is mostly filled with companies and businesses.