The Research Of X Apartment Price Based On Hedonic Model

The housing product is a kind of heterogeneity goods, and has obvious differences between the housing characteristics, which compose using value of the products. Because China's real estate assess the method,include market comparison approach , income approach and cost approach, etc. They have limitations, but the hedonic price method is a tight, with less subjective pricing method, the characteristics of hedonic price nethod is batter then the market comparison approach , income approach and cost approach. Therefore, this thesis research the hedonic price model to fix price for X apartment project, which means China's commercial housing prices will be the development and improvement of a certain theoretical and practical significance. Due to different national conditions, foreign study some of the important characteristics that may not apply to China's real estate market, a market research method to determine the 17 apartments of variables and characteristics of indicators ; then collected six administrative districts of Xi'an in May 2007 of the apartments' prices and characteristics of the sample data factors. In order to solve the problems of the lack of sample and the high correlation of the housing characteristic factors with each other in this application, for some variables establish principal component analysis; selected hedonic price equation log-linear function of the number of forms, multiple regression analysis to determine the characteristics of apartment prices function, and function under the hedonic price, the average price for an apartment that X 5541.66 yuan; According to the average apartment close ties between the apartment of 10 apartments on the average impact on the existing X apartment indicators improved: the introduction of international brands and sound property management company property services, local decoration, the rate of afforestation and improve the hardware facilities.