| Since 1999, the investment for real estate development has promoted 2 percent of the annual growth of GDP directly or indirectly, and real estate industry which mainly includes housing has been the key industry in China. Some experts pointed out the existence of regional foam in real estate industry, and its main characters are that land for real estate development is increasing severalfold, the price of land is increasing step by step, and the products of real estate are developing to top grade housing and office building. In addition, the scale and speed of real estate development are over the average level and growth speed of disposable income of local residents in some area; therefore, regional foam in real estate industry exists.However, all kinds of funds including overseas funds poure into real estate industry at the same time, whether are there over investment in this industry? We cannot treat different matters as the same, because real estate investment has the character of location and its development is in imbanlance. How to make proper investment decisions and avoid over competition? In my opinion, the first and foremost is to make an actual evaluation to regional investment environment.In this dissertation, I subdivide the investment environment evaluation according to different industries and research the intersection of regional investment environment and real estate industry from the viewpoint of investors. At first, relative definitions about regional investment environment evaluation of real estate are determined according to the research needs, and relative theories and systematic assessing methods are reviewed at the same time, and then some subjects and methods involved in the evaluation are brought forward. Based on these, systematic evaluation to investment environment of real estate in China is carried out. The first step is to divide the region into three levels: marcroscopical layer, medium scopical layer and microscopical layer. And the second step is to establish the indicator system; After the analyses to the relations between all factors of the investment environment system and real estate investment environment, the indicator systems are established suit for three regional layers respectively according to the differences of regional layers and assessing emphases. The third step is to compare, use for reference and select the methods for evaluation; and applicability of these methods are analyzed according to the characters of real estate industry. In final, four main cities in West China and Medium China whichare Chongqing, Chengdu, Xi'an, and Wuhan are selected for case study of the evaluation of real estate investment environment. In the part of the dissertation, the conclusion and further research area are discussed. |
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