What does the cryptic crossword clue "Property in European country (6)" mean?

The definition is "Property". The wordplay uses a charade (building blocks). E (abbreviation="European") + STATE (synonym="country") = ESTATE; definition: "Property" The answer is ESTATE.

Property in European country (6)

Independent Cryptic #11017 | 4 Down | 2022-02-03 flower

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