房地產(chǎn)項(xiàng)目投資風(fēng)險(xiǎn)分析和評價(jià)研究
發(fā)布時(shí)間:2018-05-03 17:22
本文選題:房地產(chǎn) + 項(xiàng)目 ; 參考:《西安建筑科技大學(xué)》2013年碩士論文
【摘要】:伴隨著我國經(jīng)濟(jì)的快速發(fā)展,我國在房地產(chǎn)領(lǐng)域的投資活動(dòng)也越來越活躍。房地產(chǎn)業(yè)經(jīng)歷了20多年的不斷發(fā)展和成熟,己成為我國國民經(jīng)濟(jì)的基礎(chǔ)性產(chǎn)業(yè),已經(jīng)成為關(guān)乎社會是否和諧、人民生活是否安定的民生產(chǎn)業(yè)。與此同時(shí),出于我國房地產(chǎn)市場的管理機(jī)制尚不完善,政策法規(guī)制度尚不健全的原因,導(dǎo)致了近些年在我國房地產(chǎn)市場上出現(xiàn)的房地產(chǎn)投資過熱、房產(chǎn)價(jià)格迅速上漲、國家的調(diào)控不理想等現(xiàn)象。目前房地產(chǎn)行業(yè)已經(jīng)成為國內(nèi)眾多高風(fēng)險(xiǎn)行業(yè)之一,所以對房地產(chǎn)投資風(fēng)險(xiǎn)進(jìn)行分析和研究也成為理論界和實(shí)業(yè)界面臨的重要課題。 本文以房地產(chǎn)項(xiàng)目的投資風(fēng)險(xiǎn)為研究對象,首先通過對房地產(chǎn)項(xiàng)目投資風(fēng)險(xiǎn)的含義及分類,房地產(chǎn)項(xiàng)目的風(fēng)險(xiǎn)風(fēng)管理內(nèi)容及流程的陳述,點(diǎn)名了對項(xiàng)目的投資風(fēng)險(xiǎn)進(jìn)行評價(jià)在整個(gè)風(fēng)險(xiǎn)管理過程中的重要地位。其次結(jié)合我國房地產(chǎn)投資的實(shí)際情況,應(yīng)用層次分析法的基本原理,將房地產(chǎn)項(xiàng)目的投資風(fēng)險(xiǎn)劃分為宏觀政策風(fēng)險(xiǎn)因素、市場環(huán)境風(fēng)險(xiǎn)因素、經(jīng)濟(jì)狀況風(fēng)險(xiǎn)因素、前期籌備階段的風(fēng)險(xiǎn)因素,建設(shè)階段的風(fēng)險(xiǎn)因素,后期租售階段的風(fēng)險(xiǎn)因素等六個(gè)準(zhǔn)則層指標(biāo),同時(shí)對這六個(gè)風(fēng)險(xiǎn)指標(biāo)所包含的21個(gè)子因子進(jìn)行了詳細(xì)分析,在此基礎(chǔ)上構(gòu)建了針對房地產(chǎn)項(xiàng)目投資風(fēng)險(xiǎn)的評價(jià)指標(biāo)體系,建立了基于多層次灰色評價(jià)法的房地產(chǎn)項(xiàng)目投資風(fēng)險(xiǎn)的評價(jià)模型。最后本文以西安市某房地產(chǎn)項(xiàng)目為例,,對其投資風(fēng)險(xiǎn)進(jìn)行了研究。通過研究得出結(jié)論:文章中所應(yīng)用的多層次灰色評價(jià)模型充分發(fā)揮了層次分析法和灰色評價(jià)法的優(yōu)勢,充分利用了專家們的實(shí)踐和理論經(jīng)驗(yàn),令最終評價(jià)結(jié)果與該項(xiàng)目的實(shí)際開發(fā)情況基本相符,能夠達(dá)到幫助投資者對項(xiàng)目投資風(fēng)險(xiǎn)的分析與評價(jià)目的,進(jìn)而為房地產(chǎn)項(xiàng)目的投資者提供更加科學(xué),直觀的決策依據(jù),具有較強(qiáng)的實(shí)用性。
[Abstract]:With the rapid development of our country's economy, our country's investment activities in the real estate field are more and more active. After more than 20 years of continuous development and maturity, the real estate industry has become the basic industry of our national economy, and has become a livelihood industry related to the harmony of society and the stability of people's life. At the same time, because the management mechanism of the real estate market in our country is not perfect and the policies and regulations are not perfect, the real estate investment in our country's real estate market has overheated in recent years, and the real estate price is rising rapidly. The national regulation and control is not ideal and so on. At present, the real estate industry has become one of the many high-risk industries in China, so the analysis and research on the real estate investment risk has become an important subject facing the theoretical and industrial circles. This paper takes the investment risk of real estate project as the research object. First of all, it states the meaning and classification of the investment risk of the real estate project, the management content and process of the risk style of the real estate project. The important position of investment risk evaluation in the whole process of risk management is named. Secondly, combining the actual situation of real estate investment in our country, applying the basic principle of analytic hierarchy process, the investment risk of real estate project is divided into macro policy risk factor, market environment risk factor and economic condition risk factor. The risk factors in the preparatory stage, the risk factors in the construction phase, the risk factors in the later stage of leasing and sale, and so on, are analyzed in detail. At the same time, the 21 sub-factors included in these six risk indicators are analyzed in detail. On this basis, the evaluation index system of investment risk of real estate project is constructed, and the evaluation model of investment risk of real estate project based on multi-level grey evaluation method is established. Finally, this paper takes a real estate project in Xi'an as an example to study its investment risk. The conclusion is that the multi-level grey evaluation model used in this paper has made full use of the advantages of the analytic hierarchy process and the grey evaluation method, and made full use of the practice and theoretical experience of the experts. The final evaluation results are basically consistent with the actual development of the project, which can help investors to analyze and evaluate the investment risk of the project, and then provide more scientific and intuitive decision basis for the investors of the real estate project. It has strong practicability.
【學(xué)位授予單位】:西安建筑科技大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2013
【分類號】:F275;F299.233.4
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