Chinese housing market shows signs of slowing down
New-home prices rose at a slower pace in more cities in April as developers offered discounts and the economy slowed, prompting the easing of some property curbs.
Prices climbed in 44 of the 70 cities compared with 56 cities in March. That was the fewest cities with price gains since October 2012 when increases were recorded in only 35 cities on a monthly basis. Prices in Beijing rose 0.1pc from March, while Shanghai prices increased 0.3pc, the smallest gain since November 2012.