The rapid growth in house prices slowed in the third quarter according to the
latest official survey.
The nationwide average house price grew by 4.1 percent year on
year during the third quarter, down from 5 percent in the second quarter and 5.4 percent in
the first quarter.
During the first nine months of this year, the nationwide average
house price increased to RMB 2,314 per sq m.
The government has voiced concerns
that the property sector could be overheating and has introduced a number of measures to
slow investment in the industry which has seen a year on year increase of 34 percent in the
first three quarters.