More countries and are seeing residential property price rises year on year than at any time in the last decade but the average rate of growth is slowing significantly, the latest global index shows.
Chinese property developers are slowing land purchases and plan to be more selective about where they build, as sales soften from tightening measures and a deteriorating economic outlook.
Average new home prices in China's 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the quickest pace since December, according to Reuters calculations based on NBS data on Tuesday.
With so many factors to consider, the division between doomsayers and optimists has never been so large
Prime property price growth in key cities around the world slowed in the second half of 2018 to just 0.4% but overall increased by 2.3% across 2018, the latest international index shows.
Property sales by floor area fell 3.6 percent year-on-year in the January-February period, compared with a 1.3 percent gain in 2018, official data showed.
Weakening price gains point to strains on China's massive property sector and raise questions over whether more cities will risk loosening restrictions on home buyers.
China's economic growth is slowing down.
The ministry said while it will curb speculation in the property market, in efforts to maintain continuity and stability of housing policies it will also support "reasonable" housing demand that's non-speculative.
Nationwide growth in China's property prices has moderated this year in response to measures to curb speculation. But many investors are still exploiting regulatory loopholes, turning to smaller and less restrictive cities.
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