China’s property downturn is set to last for years, and a drought of deals in the sector is unlikely to end soon due to a lack of investor confidence in the world’s second-largest economy, a senior Bank of America Corp. banker said.

“The real estate sector in China will likely entail a multi-year recovery timeframe,” said Martin Siah, co-head of real estate investment banking for the Asia-Pacific region. “It would be too quick to expect a swift resolution to the real estate deals issue,” he said in an interview.