Global Danger Zones in Emerging Property Markets

As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor for further signs of gloom. Some developing economies from Thailand to Dubai and Brazil are facing double-digit real estate sales declines on the back of weakening domestic growth. Developed countries already have shown some of the pain -- including Australia, the U.K., Switzerland and Singapore -- and made all the more worrisome as borrowing costs remain relatively low.