China’s Housing Market Heading for ‘Year of Recession’, Says CICC

S&P Global predicts prices may fall as much as 5% in 2019
CICC says new home sales may decline for first time in 5 years

Lu Ting, chief China economist at Nomura, says property policy is one of the government’s top priorities.(Source: Bloomberg)

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By Paul Panckhurst

November 13, 2018 at 1:39 AM UTC

This article is for subscribers only.

Bearish calls for China’s housing market, a key driver of the world’s second-largest economy, are multiplying as the government maintains home-purchase restrictions.

In recent forecasts for next year: