Frothy home prices keep going up

China's major cities saw home prices grow for the 15th month in a row in July, with the growth rate continuing to accelerate, a report showed on Monday.

The average housing prices of 100 sample cities tracked by China Index Academy rose 1.63 percent in July to 12,009 yuan ($1,810.55) per square meter, according to the independent property research institute.

Jiaxing (4.94 percent) in Zhejiang province, Langfang (4.22 percent) in Hebei, and Hefei (4.17 percent) in Anhui led the price growth last month, while Beijing, Shanghai and Shenzhen are among the top 25, the report showed.