China Property Market to Cool in 2019, Weigh on Economy

China Property Market to Cool in 2019, Weigh on Economy
Traffic lights are seen in front of residential buildings in Huaian, Jiangsu Province, China on Oct. 6, 2018. Reuters
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BEIJING—China’s massive property market is expected to cool further in 2019, with smaller price rises and falling home sales adding to pressure on the world’s second-largest economy, a Reuters poll showed.

Smaller cities, which have seen sharper price gains this year, may face greater risks of a slump as economic activity slows and financing conditions remain tough for smaller developers.