BEIJING (Reuters) - Average new home prices in China's 70 major cities rose 9.6 percent in January 2014 from a year earlier, easing from the previous month's 9.9 percent rise, according to Reuters calculations based on official data published on Monday.
In month-on-month terms, prices rose 0.4 percent in January, unchanged from December's rise of 0.4 percent.
The National Bureau of Statistics said new home prices in Beijing rose 14.7 percent in January from a year earlier, compared with December's year-on-year increase of 16 percent.
Shanghai prices were up 17.5 percent in January from a year ago, versus 18.2 percent annual growth in December.
China's property market began to show signs of stabilising at the end of 2013, with home price rises easing in some major cities as local governments took further tightening measures.
Reuters started its weighted China home price index in January 2011 when the NBS stopped providing nationwide data, only giving home price changes in each of 70 major cities.
(Reporting By Xiaoyi Shao and Jonathan Standing)
