entry-level residential
[ˈɛntri ˈlɛvəl ˌrɛzɪˈdɛnʃəl]
adjective/noun phrasepl: entry-level residentials
residencial de entrada no mercado
1. Real estate property or housing designed for first-time homebuyers or renters with limited budgets; affordable housing marketed to those beginning their property ownership journey
The developer launched several entry-level residential units to attract young professionals.
A incorporadora lançou várias unidades residenciais de entrada no mercado para atrair profissionais jovens.
2. A housing category characterized by lower prices, modest amenities, and practical design intended for initial market participants
This entry-level residential complex offers basic but comfortable living spaces.
Este complexo residencial de entrada oferece espaços básicos mas confortáveis para morar.
In Brazil, entry-level residential properties are increasingly important in urban areas like São Paulo and Rio de Janeiro due to rising property costs and the large population of young professionals seeking affordable housing. In the USA, particularly in NYC, this term reflects the competitive first-time homebuyer market and the concept of building equity as a stepping stone to larger properties.
NYC Slang
starter apartment; first-time buyer property
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