出租性商业地产评估研究

发布时间：2018-01-08 22:01

本文关键词：出租性商业地产评估研究　出处：《浙江财经大学》2014年硕士论文　论文类型：学位论文

【摘要】：近年来住宅类房地产受国家宏观调控，发展趋缓，而商业类房地产却发展的风生水起。随着商业地产产权交易，抵押融资等活动日益频繁，我们必须正确了解商业地产所包含的价值，资产评估可以帮助我们实现这一目的。只关注眼前短期利益而选择将商业地产全部出售会使项目陷入盲目开发，缺乏统一的经营管理，加大后期运营的风险，而租金收益才是商业地产最主要的稳定的收入来源，只租不售将是未来商业地产的发展趋势。因此本文聚焦于出租性商业地产的评估，全文主要结构如下：第一章，绪论。文章该部分内容简要介绍了选题背景和理论意义，国内外准则动态和学术动态以及研究的内容与方法。第二章，，出租性商业地产概要。这一章主要对商业地产进行行业分析，介绍相关概念及分类，指出目前出租性商业地产的评估现状。第三章，出租性商业地产评估的准则指导。该部分将有关出租性商业地产的会计准则内容和评估准则内容进行分析，总结两者对出租性商业地产有关规定的联系与区别。第四章，出租性商业地产评估在不同评估目的下的特殊性分析。这一部分探讨了出租性商业地产评估业务活动中常见的评估目的，分析了出租性商业地产评估业务在不同评估目的下的特殊性以及注意事项。第五章，出租性商业地产评估中评估方法的选择。这一章从评估方法出发，比较分析了出租性商业地产评估中三种评估方法各自的适用条件以及实际应用情况，最后根据出租性商业地产收益性的特征选择收益法作为主要的评估方法。其中，对收益法的应用分析中特别提出了折现率的改进方法，摒弃了传统折现率求取方法，通过调整后的CAPM模型来求取折现率。第六章，案例分析。以杭州四季青服装特色街内的一家服装城为例，详细还原了出租性商业地产评估的整个过程。通过该评估实例，深入全面的探究收益法在出租性商业地产评估中的应用问题，并得出最后的评估结果。第七章，结论与展望。总结了本文的研究结论，提出相关改进建议和未来进一步的研究方向。本文主要采用理论分析、对比分析、实证分析和案例分析的方法探讨了出租性商业地产的评估问题。首先理论分析了商业地产的行业发展概况，会计准则和评估准则的规范要求，然后对比分析不同的评估目的及三种基本评估方法，选择收益法作为首选评估方法，同时对折现率的求取进行了实证分析，最后结合案例分析说明了收益法的具体运用。
[Abstract]:In recent years, residential real estate by the national macro-control, slow development, and commercial real estate development is fast. Along with the commercial real estate property transactions, mortgage financing activities have become increasingly frequent, we must correctly understand the value of commercial real estate, asset evaluation can help us to achieve this objective to focus only on the immediate short-term interests. And the choice of the commercial real estate sale of all will make the project into the blind development, lack of unified management, increase the risk of post operation, and the rental income is the commercial real estate most stable source of income, not only for sale will be the future development trend of commercial real estate. This paper focused on the evaluation of commercial real estate rental the main structure of the dissertation is as follows:
The first chapter, introduction. This part of the article briefly introduces the background and theoretical significance of the topic, the dynamic and academic trends at home and abroad as well as the content and method of the research.
The second chapter is the summary of rentable commercial real estate. This chapter mainly carries on the industry analysis to the commercial real estate, introduces the related concepts and classifications, and points out the current evaluation status of the rental commercial real estate.
The third chapter is guidelines for the evaluation of rentable commercial real estate. This part analyzes the contents and criteria of accounting standards for rentals commercial real estate, summarizes the relationship and difference between them.
The fourth chapter, the analysis of the particularity of the different evaluation purposes under the rental of commercial real estate evaluation. This part discusses the rental of commercial real estate assessment to evaluate common business activities, analyzes the particularity of commercial real estate rental business evaluation in different evaluation purposes and the matters needing attention.
The fifth chapter, the choice of the evaluation method of commercial real estate rental assessment. This chapter is starting from the evaluation method, comparative analysis of the applicable conditions of three kinds of evaluation methods of commercial real estate rental in their evaluation and application, according to the characteristics of commercial real estate rental income of income method as the main evaluation methods. Application analysis of income method, especially puts forward the improved method of discount rate, the discount rate to abandon traditional methods, through the CAPM model to calculate the adjusted discount rate.
The sixth chapter is the analysis of the case, to a Hangzhou clothing city. Sijiqing Street clothing characteristics as an example, with the whole process of reducing rental of commercial real estate assessment. Through the assessment, application of in-depth inquiry of commercial real estate rental income method in the assessment, and draw the final evaluation results.
The seventh chapter, conclusion and prospect, summarizes the conclusions of this study, and puts forward some suggestions for improvement and further research direction in the future.
This paper mainly uses theoretical analysis, comparative analysis, empirical analysis and case analysis method to explore the evaluation problem of rental of commercial real estate. Firstly, theoretical analysis of the development of commercial real estate industry, accounting standards and evaluation criteria of the standard requirements, and then the comparative analysis of different evaluation purposes and the three basic methods, income method at the same time as the first choice of assessment methods, to calculate the discount rate by empirical analysis, based on the case analysis to illustrate the use of income method.

【学位授予单位】：浙江财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F721;F299.23

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