The Research of the Computation Method for the Ratio of Land Price to House Price

Author

Ziming, Zhou ; Haobai, Wang

Author_Institution

Bus. Sch., Zhejiang Univ., Hangzhou, China

Volume

3

fYear

2009

fDate

26-27 Dec. 2009

Firstpage

28

Lastpage

33

Abstract

The ratio of land price to house price (LPHP-ratio) is an indicator commonly used to reflect the relationship between house price and land price. However, the precise computation method for the ratio has long remained unspecific, and the different results using different computation methods will exert different influence upon people´s perception and judgment of the real relationship between house price and land price. Three different types of LPHP-ratios, namely Static-LPHP-ratio, Dynamic-LPHP-ratio and Internal-LPHP-ratio are proposed in this paper using different methods of computation. An empirical study on the real estate market in Hangzhou during the period 2003-2008 is reported and discussed in the following.

Keywords

market research; pricing; property market; dynamic LPHP ratio; internal LPHP ratio; land price-house price ratio; precise computation method; real estate market; static LPHP ratio; Australia; Cities and towns; Costs; Educational institutions; Industrial engineering; Information management; Innovation management; Marketing and sales; Statistics; Surges; Dynamic-LPHP-ratio; Internal-LPHP-ratio; Static-LPHP-ratio; computation method; ratio of land price to house price (LPHP-ratio);

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering, 2009 International Conference on

Conference_Location

Xi´an

Print_ISBN

978-0-7695-3876-1

Type

conf

DOI

10.1109/ICIII.2009.317

Filename

5370293