Nation tops list of steepest price climbs

Chinese cities occupied four of the top five places where home price saw the steepest increases, with Shenzhen topping the global list, according to a survey by an international real estate consultancy.

Shenzhen's home prices surged 62.5 percent year-on-year to March, according to London-based Knight Frank's Global Residential Cities Index. It was followed by Shanghai, where home prices rose 30.5 percent over the same period.

The average growth rate for the 150 cities, meanwhile, was 4.5 percent.