Urban Real Estate Price Index Construction And Applications,

China's real estate industry develops very fast along with the housing system reform. It has already become a public mutual recognition that the property price of big cities like Beijing, Shanghai rises continuously in recent years. The current real estate price tendency is the focal point of the society, debates revolving real estate froth are also becoming increasingly fierce. The real estate price index is a good tool to study the real estate price. However, our country does not have a recognizable and accurate real estate price index up to now. As the national macroeconomic regulation and control policy is strengthened, it has big significance to conduct the research on the real estate price index theory and method.This article uses correlated disciplines like operation research, real estate estimate study, and econometrics, statistical theory such as weighted average method, hedonic pricing method to discuss the real estate price index establishment through qualitative and quantitative methods. It first explains the present research situation of China's real estate price index as well as some typical indices and points out some current questions. It then analyzes the real estate price index establishment theory and some factors affecting China's real estate price index. Next it puts forwards China's real estate price index establishment method with a brief demonstration using the Dalian two month real estate data. Finally, it gives a brief explanation on real estate price index tendency and use, it also points out some deficiencies concerning this research.