2015 was a difficult code to developers in the property market in China. Real estate prices have fallen steadily over the past year, and the proposal also grew steadily, especially in small towns - on materials AMarkets.
Approximately 15 major players got a loss last year - about 30% of the market (data People's Daily newspaper). At the same time 23 companies reported a significant decline in profitability. Real estate investment grew in 2015 by only 1%. A year earlier, the growth rate was 10.5%. The volume of unsold real estate continue to increase, especially in small towns.
According to the National Bureau of Statistics of China, the number of unsold new homes across the country increased by 14% to reach 437 million square meters. And it is precisely in the current year should not expect improvement.