China house prices show signs of stability

China's house prices are showing signs of stabilising, according to CBRE.

The positive signs of growth arrive following a period of tumultuous uncertainty in the Chinese stock market.

CBRE's Global Chief Economist Richard Barkham is quoted by World Property Journal: "Recent improvements in the Chinese housing market suggests that policy measures being implemented by Beijing, taken well before the current stock market turbulence, are starting to work, leading us to believe that China's economy is likely heading for a soft landing."

Prices edged up in Shenzen and Shanghai, while there were also signs of stabilisation ni Beijing.