property turnover
nounUK /ˈprɒpəti ˈtɜːnəʊvə/
US /ˈprɑːpərti ˈtɜːrnoʊvər/
When a house or building gets new people living in it.
The landlord cleaned the apartment quickly because of high property turnover.
RELATED WORDS
OTHER MEANINGS
2. The rate at which properties are sold and bought in a market.
The city's property turnover slowed down during the winter.
3. The process of selling a property and buying another one.
Their property turnover took six months to complete.
4. The number of times a property changes owners in a given period.
High property turnover can make a neighborhood feel less stable.