Design of Real Estate Price Index System Based on Hedonic Price Method

Abstract:

Urban real estate price index (hereinafter referred to as UREPI) is a basic data of the real estate market, its accuracy is very important for enterprises, consumers and housing management department. In view of current research level here in China and popular models, the UREPI system is compiled based on the Hedonic price method because of its advantages such as calculation simple and sample easily etc. Compiled by Eviews the system has three main stages: the data standardization, the benchmark model establishment and the application of two periods chained update method to update price series. UREPI system is combined with the real deal, so it can be used to analysis the market accurately. The results completely meet the design requirements.

• Periodical: Applied Mechanics and Materials (Volumes 488-489)
• Pages: 1463-1466
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.488-489.1463
• Online since: January 2014
• Authors: Yun Du*, Hui Qin Sun, Su Ying Zhang, Qiang Tian
• Keywords: Eviews, Hedonic Price Method, Two Periods Chained Update Method, Urban Real Estate Price Index

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