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(ECNS) -- Although the majority of cities in China saw higher prices and slumping transactions in the property market last month, experts agree that home prices may soar in the next two to three months.

Wang Juelin, former deputy director of the Policy Research Center at the Ministry of Housing and Urban-Rural Development, said home prices in cities have been rising, but at a slower pace. Most people are now choosing to wait and see after rushing to buy before the new round of measures in March, he added.

He said despite the slumping transactions in the property market, prices are still rising. "And the possibility of big changes in the market cannot be excluded," he added.

Wang Yukai, a professor of administrative research at the Chinese Academy of Governance, said home prices may continue to rise, citing the strong demands coming from urbanization.

Wang said curbing measures will not last long.

Zhang Xu, from Homelink Real Estate, said with strong demands in the property market, developers may raise prices to ensure profit.

House prices increased in 67 out of 70 cities in April from the previous year, only one less than that in March, data from the National Bureau of Statistics showed.