Home prices continued to see slower month-on-month rises in Chinese cities in May, according to official data released Tuesday.Of a statistical pool of 70 major Chinese cities,
heija, 65 saw new home prices increase month on month in May,
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Cheap true religion outlet and true religion jeans jeans outlet on sale discount., prices of existing homes rose in 64 cities month on month, down from 66 cities in April,
hufsj, the statement said. Thirty cities saw slower rises from April.Liu Jianwei,
kilro, a senior statistician with the NBS, attributed the slowing price rises to the effects of recent property tightening measures.Property prices started to rebound in the second half of 2012,
Chanel Stylish and durable Chanel Handbags are sold at Chanel Outlet +138 Free Shipping!, shored up by pro-growth policies, including two interest rate cuts.Runaway prices led the government to issue a guideline in early March to tighten its grip on the real estate sector. The guideline included higher transaction taxes, as well as higher interest rates and down payment requirements for purchases of second homes.However, home prices rose in more cities in May on a year-on-year basis, according to NBS data.Prices of new homes rose in 69 cities in May,
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air jordan, up from 64 cities in April.Liu said the fast year-on-year growth was partly due to a low base number from May 2012.Since home prices are still increasing in most cities, the government should continue to promote the effective implementation of existing tightening measures, Liu said.Cao Xudong, a researcher with the China Index Academy, a leading property research organization,
true religion outlet, said pressure for home prices to rise remains in major cities, even though fewer cities saw month-on-month price rises during the previous two months.Since February, new home prices have increased in more than 65 of the 70 cities monitored by the NBS.Separate data from the China Index Academy showed that home prices have risen by a monthly average of 1 percent since the beginning of the year.Zhang Dawei,
ghd hair straighteners, director of Centaline Property's research center, said market expectations for continuous price rises have not changed.In first-tier cities like Beijing, the housing tightening guideline was strictly implemented. But in other cities, the follow-up measures announced by local governments stopped short of matching the strictest items in the guideline.Considering the current state of implementation by local governments, it will be difficult to keep home prices steady, although prices are not likely to witness sharp increases,
Burberry Outlet, Zhang said.Cao said pressure for home price hikes will continue to exist in first-tier cities like Beijing, Shanghai and Guangzhou,
ustri, as well as in some second-tier cities."Under a downward economic situation,
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Sources inform ''Globes'' that a last-minute government decision was added to the paragraph which states that,
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