Cedrik Lachance, the director of real-estate research firm Green Street Advisors, said that the prices of properties are expected to decline modestly throughout 2019, as the pressure from the high Federal Reserve interest rate and sell-off from Chinese investors continues.

"You're probably going to see some cracks in property prices," said Lachance.

Throughout the past several years, investors from China have fueled real estate prices in major markets like the U.S., Hong Kong, and Europe.

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