Property price growth in China slowed for a second consecutive month, following a government crackdown on speculative buying in April, Bloomberg reported. Housing prices in 70 major cities rose by 11.4% in June year on year, compared to 12.8% in April and 12.4% in May. The June figures represent a 0.1% slide from that of April. Overall, property sale values rose 24.5% in the first half of the year, but this was a decrease from the 38.4% increase in the first five months of the year. Some analysts argue that the slowdown indicates a broader slump shaping in China’s property markets.
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