Prime china property price rise slows

Price rises in China's prime property market have slowed, according to a new report from Knight Frank.

The figures show that sales dropped 20 per cent in the first quarter of 2014 compared to the previous three months, as government cooling measures take effect, but that prices held up. However, they did so at a slower rate: price growth was just 0.6 per cent in Beijing, the smallest increase since the third quarter of 2012.

Source: Property Wire