房地产特征价格理论模型分析-资产评估专业论文.docxVIP

Abstract Recent years, the development of China still remains rapidly growth under the situation that the world economic is not optimistic. The rapid development of real estate industry makes an undeniable contribution to the fast economic growth in China, at the same time; it creates a considerable of investment opportunities. The first step of investment is to evaluate the project to determine whether it is a profitable or not. The evaluation of real estate is a kind of general pricing. It is absolutely different from the pricing in other fields. The evaluation of real estate is a benchmark for the real value of real estate and it can provide professional advice for real estate investors. In the usual sense, pricing is determined by the behavior of relevant investors, such as asking price and offer price. But to be more accurate, the evaluation of real estate aims to reveal its objective value through scientific analysis. This thesis mainly uses hedonic model to price the real estate. Because the price of real estate is influenced by many complicated factors, classification is needed. The factors which have an effect on the price of real estate are divided into three categories in this thesis: structural properties, neighborhood and location, and spatial effects. Considering the fact that if property samples are correlated with each other, the pricing results just taking its attributes and characteristics into consideration would be biased, as a consequence, this thesis pays special attention to the spatial effect between different adjacent properties. The principle work of this thesis is to discuss the impact of various factors on the real estate price, particularly; it studies the spatial effects between the houses with spatial error model, and corresponding interpretation and analysis about its effects are given. Firstly, this thesis shows the impact of structure attributes on house price by hedonic model. Then the impact of neighborhood and location is discus