Quantitative Research On Market Comparison Of Real Estate Appraisal

Market comparison approach is a means of evaluating the price of real estate with reference to Lattice loan of current real estate with similar qualifications. The approach is universally recognized as one of the simplest ,the most direct and the most frequently used methods which is recognized in the international evaluating system of real estate. On one hand, the working principles of market comparison approach are easy to understand compared with other methods; on the other hand, it directly reflects situation of the real estate market. China Real Estate Regulation stipulates that if conditions permitted, market comparison approach must be employed in evaluating real estate. It is now a merit study task to use market comparison approach to evaluate real estate, and how to scientifically use it is a problem to be urgently solved in real estate.The thesis attempts to make theatrical research in three aspects: the content, principles, and characteristics of real estate evaluation; the characteristics of real estate prices and factors affecting these prices; the working principles, procedures and present situation of market comparison approach. The thesis also summarizes the major problems and difficulties arising in using of market comparison approach, such as the random choice of comparative case, the subjectivity of Transaction date revision and Real estate condition adjustment. To solve these problems, the author put forward a new calculating method and her own original idea about these problems.Attempting to solve above questions, in the thesis, the author establishes the fuzzy pattern recognition's model for selecting corn parable instances, and then prove the feasibility of the practice. Using the price index, and time series analysis to quota the real estate transaction date. At last, AHP is used to adjust the Real estate condition. All the above revisions are based on the calculations in evaluating case. A comparison is made on the degree of precision between the traditional market comparison approach and the improved one, thus the feasibility of improved one is proved.