Japanese bank Nomura expects property market conditions to worsen significantly in 2019 before getting better. It will likely take Beijing longer than usual to come to the rescue.
Nomura wrote in his note; When will Beijing come to rescue, and how? The entrenched nature of certain non-market-based property policies such as restrictions on home purchases, sales and prices – are key hurdles to making timely policy adjustments.
Nomura’s analysts is saying: property sector plays such a crucial role in China’s growth. We believe Beijing will eventually ease many of the tightening measures in large cities during or after spring 2019.