CRI听力:China's Property Market Shows Signs of Warming in Oct.

Recent reports have revealed that this month may see growth in the property sector, after the central bank released a number of steps to stimulate the market.

Last week, almost 3 thousand homes were sold in the city of Beijing, surging over 40-percent from the same week last month.

Chen Zhi, secretary-general of the Beijing Real Estate Association, says the city has seen the property market warming in recent days.

"Daily sales of second-hand homes have remained steadily high through the past few days. We also saw four to five hundred homes sold in some days. We believe, when daily sales of second-hand homes reach 350, it signals buyers have stopped hesitating. We estimate that home sales will increase in the next two months of this year. But the growth won't be significant."

Analysts say home prices may start to grow slightly in the second quarter of next year.

Meantime, China's property regulator has said the property sector will mainly be market-oriented in the future.

Ni Hong is the spokesperson of the Ministry of Housing and Urban-Rural Development.

"The government is doing its job. The market is working under its principles. We are also concerned about the recent changes of stats in the property market. Our next adjustment focus will be based on the market. Things happening in the market will be resolved with the principles of the market."

At the end of last month, China's central bank released a number of stimulus measures to boost the sector, including offering lower down payments and mortgage rates to second-time home buyers.