The Research Of The Theory And The Method For The XiaMen Housing Price Index System

Housing Price Index(HPI) reflects the variety of the housing price for a country or a region. HPI also reflects the variety of the housing price for the different period. These days most of the HPI are based on the average prices. However, the house is settled and can't be displaced, so different house has different price. And so the HPI based on simple average prices can't reflect the real status of the housing market. After having a research of the method for making HPI overseas and inland and studying the housing market situation of XiaMen, the author bring a new method—standardization method to make XiaMen HPI. All the paper includes three parts.The first part is about the definition of the HPI and studying the methods that the other countries or other cities used.The second part is about to set up a system to make XiaMen HPI, including the necessary, the method and the whole frame.The third part is about an explanation for the XiaMen HPI system and an example (the LianQian—JiangTou District) to make and issue the HPI. Lastly, some advices for the XiaMen HPI are provided.