Environmental Science
8 years ago

New method revolutionizes urban real estate index establishment in China!

Yunnan Caijing Daxue xuebao
Index-establishing Method of Urban Real Estate in China
Xie Chang-hao

Paper Summary

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The article discusses a new method for creating an index of urban real estate in China. The researchers point out flaws in current methods and suggest using the Hedonic Pricing Approach. This approach involves estimating a basic model using the Hedonic theory to determine the factors that influence real estate prices. By applying this new method, the researchers aim to improve the accuracy of real estate indices in China.