Fitch: CN Developers to Face Greater Challenges Next Yr, Trade Vol to Fall 5-10%
Fitch Ratings previewed in its report that Chinese homebuilders may face tougher market conditions in 2019, on decelerating macro-economic growth and deteriorating sentiment to pressure sales volumes.
The agency downgraded the industry outlook from "Stable" to "Negative" and foresaw the property trade volume will decline by 5%-10% next year.
Source: AAStocks Financial News