Housing prices in 100 major Chinese cities rose in July month-on-month for the second straight month, a survey showed Wednesday, reinforcing the evidence of a rebound in the country's property market.

However, analysts said Wednesday that a substantial surge in prices is unlikely as the government has reaffirmed that it will maintain policies curbing the property market.

The average home price in the 100 cities rose 0.33 percent in July from June, compared to June's month-on-month increase of 0.05 percent, according to the survey by the China Real Estate Index System (CREIS).

The average home price in these cities stood at 8,717 yuan ($1,400) per square meter in July, down 1.77 percent year-on-year, the data showed.

Home prices in July rose in 70 cities and fell in 30 month-on-month, the data said.

"The recent interest rate and reserve requirement ratio cut by the central bank and the increase of new loans have stimulated demand, so transactions have picked up," said CREIS, a consulting firm owned by SouFun Holdings, China's largest online real estate company. 

"Encouraged by rising transactions, developers have started hiking prices or canceling discounts. The recovery in the market for high-end homes has also fueled an increase in home prices in July," it said.

"There are obvious signs that the property market is getting warmer, as evidenced by rising numbers of customers visiting properties," said Chen Xue, an analyst with Beijing-based real estate agency Homelink.

"Some cities, especially small cities, are easing the home purchase restrictions. The pressure of rising home prices is getting bigger," he said.

Yiwu, a county-level city in East China's Zhejiang Province known for small commodity trade, has not yet extended the home purchase restrictions that expired at the end of last year, China Securities Journal reported Tuesday. 

A staff member with the press office of the city's government told the Global Times Wednesday that a new home purchase restriction policy is being prepared, but has not yet been implemented.

"Despite signs of policy easing at the local level, home prices are unlikely to rise sharply in the near future. Instead, they will maintain a rather changeable pattern due to the policy interference," Chen said. 

"CREIS's data does not necessarily signal that home prices will continue on a rising trend in the coming months," Chen Guoqiang, deputy director of the China Real Estate Society, told the Global Times. "The increased sale of high-end homes pushed up the July figure," he noted.

"A substantial surge in home prices will not appear, because the central government's determination to reign in property prices remains unshakable," he said.    

China will unswervingly implement the property market control policy and curb speculative and investment demand to prevent a rebound in home prices, said a statement released by the Communist Party of China Central Committee Tuesday.