--FILE--nuovo alto appartamento residenziale edifici sono in costruzione a Yichang, porcellane centrale provincia di Hubei, 22 agosto 2013. Prope porcellane
--FILE--New high-rise residential apartment buildings are under construction in Yichang, central Chinas Hubei province, 22 August 2013. Chinas property inflation quickened in August for a second straight month, two private surveys showed, underlining strong momentum due to a recovery in land prices and complicating the governments efforts to prevent a property bubble. Home prices in 288 major cities rose 1.1 percent in August from July, accelerating from Julys monthly increase of 0.8 percent, a poll by a real estate services company E-House China showed. From a year earlier, home prices jumped 11 percent in August, unchanged from Julys annual gains, E-House said. A separate survey by China Real Estate Index System (CREIS) showed average prices in the 100 biggest cities rose 0.92 percent on a monthly basis, slightly faster than the previous month. China still faces record home prices that are well beyond the reach of most ordinary citizens, despite having enforced strict controls on the property market for nearly four years. A strong property market, however, has been a crucial driver of activity in the world's second-largest economy as other areas such as exports slow. In Chinas 10 most expensive cities, including Beijing and Shanghai, average home prices rose 1.5 percent on the month and 12 percent on the year, CREIS added. China is due to publish official home price data for 70 major cities for August on September 18. The pace of Chinas month-on-month home price rises edged down for a fourth month in July though the year-on-year gains were the strongest this year.
