皇冠体育app

Property sales are expected to rise 8 to 10 percent year-on-year in 2014, with prices continuing to climb 5 to 7 percent, a report from investment bank UBS said.

Sales growth, according to the UBS report, is driven by the push.

In terms of prices, the bank forecast a 5-7 percent year-on-year increase in 2014, after 2013's 7 percent increase.

"The home-price growth rate will slow in 2014, depending on the in the market," said Gao Ting, UBS Securities' chief 皇冠体育app strategist.

"Prices in the country's key cities, such as , Shanghai, Guangzhou and Shenzhen, will set to rise further in the next year, because of robust demand and comparatively low supply. But some second and third-tier cities may see stable or even sliding prices."

Policy changes in a few second and third-cities recently demonstrated that the government was looking at a 'bottom-up' approach. Hence, future policy direction will become more market oriented and specialized, dependent on price trends and economic conditions in local cities, according to the report.

The recent strong uptrend in second-tier city prices could trigger reinforcement of price controls, thus potentially creating some short-term share price volatility, it said.