Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble. Prices of new homes in 288 cities in December rose 0.37 percent in December from November, when they had risen 0.77 percent, a poll by real estate services firm E-House China (EJ) showed on Wednesday. House prices climbed 10.04 percent from a year earlier, little changed from November's annual rise of 10.11 percent and a seventh consecutive month of double-digit annual gains. A separate survey by China Real Estate Index System (CREIS) on Tuesday showed average prices in the 100 biggest cities rose 0.7 percent in December from November, when they had risen 0.68 percent, to post a 19th straight monthly gain.
via Business News - Yahoo Finance http://finance.yahoo.com/news/china-house-prices-show-signs-051928950.html
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