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China Property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.

Residential buildings are seen at the Binhai new district in Tianjin, China, October 18, 2015. With prices of new homes rising by about 10 percent since August's chemical blast to meet an increase in demand, finding new homes outside the disaster area for most of those affected is a costly - and frustrating - process. Picture taken October 18, 2015. REUTERS/Kim Kyung-Hoon

China home prices rise for seventh straight month

New home prices in mainland China have been on the rise for seven months in a row, two private surveys showed on Tuesday, and analysts expect the trend to continue on the back of more government policies designed to aid the selling down of the industry’s record high inventories.