House prices fall at slower pace in August, survey finds

Analysts say data show govt measures have had little effect in boosting demand

The average price of houses in China fell in August for the fourth consecutive month, though at a slower pace, according to a survey by the China Index Academy, an economic research institute and property data provider.

Average new house prices fell 0.59 percent in August, compared with 0.81 percent in July, according to the survey of home prices in 100 cities.