Study On Real Estate Assessment

With the further reform of China's economic restructure after entering WTO and the sustainable development of market, the management of property shouldn't be on how large houses are, how much land, but on the value of the property. Thus, making it necessary to assess the property, here is the assessment on property in five aspects.The first chapter discusses the concepts, the oretical basis and principles concerning property assessment. The main characteristics of property are the fixity of location,limited character,indurance,Non-uniformity,diversity of the amount of land. Market theory, propery right theory, price theory are some of the branches derived from the basic theory of the property assessment. Based on these theories and the present situation in China, the basic principles of property assessment in China, in China legitimate princinple, best use principle, principle of substitution, estimate point in time principle. The final part of chapter deals with the comparison of property assessment system at home and abroad.The second chapter covers the development and application of the methods used in property assessment. The methods in international property assessment can be classified into two categories, one is mainly adopted in common wealth countries, that is market comparison test, income method, cost method, profit method, surplus method. They consider indeveloped market more reliable to assess according to market information. The other is mainly adopted in countries such as North American countries and Japan. It includes market comparison method, income method, cost method. While assessing, it's important to calculate the value of property using investment and delivers. The property assessment in China is exploring better methods by referring to the property assessment system used in Britain and America.Chapter three is the research of the real estate price. It has analyzed the constitution, from and property developing curing of the real estate with emphasis. The real estate has three kinds of forms: the land price, the real eatate selling price and the hiring price. The land price contains land tent, land developing cost and profit. The selling price is just made up of cost and profit. The last one includes the amortization fund, the maintenance cost, interest, the insurance premium and the tax.The formation of the real estate price utilizes dynamic systematical theory as a foundation and emphasizes that the change of the urban economic environment has a great influence upon the form and alter of the city soil-rent value. Besides, it analyzes the developing speed of the city and the dynamic connection between speed and the land price in the urban area. It also establishes the relationship between the soil-rent value and the urban developing speed, and simulates the evaluating situation of each kind of land price in the city. Property developing curing is the quota analysis to the real estate industrial developing situation in each place and is also one of a relative quantification target.Chapter four is the research of the real estate assessing methods. It mainly discusses in three aspects: the market comparison test, the cost method and the income method. The first one takes substitutive theory as a foundationly lots of similar or the same real estate deal price, it determines the possible deal price of the assessing objective real estate in the open market. The second one is based on the income theory, it ascertains the real estate price in assessing point in time by the income cerated after the assessing period. And the last one takes the cost expenses as a foundation, it decides the whole market price of the assessing object through the guards to the market price belonging to each Constitution of the assessing object. Corresponds to each method, it would be better to give esamples separately for further analysis and applications.Chapter five concerns the conclusion and the policy suggestions. Combining with the above chapters and the possible problems existing in the practical utilization, put forward the proplsals.