Abstract

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Title:: Comprehensive evaluation on real estate investment environment of Chinese capital cities

Author(s):: LU Ning; ZHANG Shi-qing; ZHANG Xu; YU Ling-ling; (1. School of Civil Engineering, Chang’an University, Xi’an 710061, Shaanxi, China; 2.School of Economics and Management, Chang’an University, Xi’an 710064, Shaanxi, China)

Keywords:: capital city; real estate; investment environment; factor analysis

Abstract:: Based on recent domestic research literatures, this paper proposed an evaluation index system of real estate investment environment, including 6 aspects of classification indicators and 22 classified refining indicators. Through data computation, the comprehensive score and ranking order of real estate investment environment of 30 capital cities from 2010 to 2012 were obtained. Then the cluster analysis was carried out according to the similarity degree of investment environment. The paper identified current status of the real estate investment environment of the Chinese capital cities and the weaknesses of real estate investment environment in order to help the city government improve the real estate investment environment.