More Chinese cities see home prices rise (2)

Home transactions have picked up over the past month, the traditional peak season for housing sales in the country, on the back of recent government policies to shore up growth, analysts said.

Despite the central government's continued control, some local authorities have "fine-tuned" their property policies by allowing home buyers to borrow more from public housing funds, causing a rebound in home prices, said Zhang Dawei, an analyst at Beijing-based Zhongyuan Real Estate.

The central bank's loosening grip over lending control also contributed to the pick-up, as first-home buyers can still access to an 85-percent discount on mortgages at banks, Zhang said.

NBS data showed that home sales rose 5.6 percent year on year to 4.63 trillion yuan (736 billion U.S. dollars) in the first 10 months, accelerating by 2.9 percentage points from the January-September period.

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