Analyzing the real estate price based on broad functional approach

At the present time many problems lie in the operation of the real estate price. We should research the connected theory, which fix to our country condition. Combining with the theory of value engineering, this paper establishes the broad function conception of real estate, analyzing the factors affecting the real estate price from the broad functional approach, setting up a multilevel data analysis model, which reveals that the function of land is the most important factor influencing real estate price. Then, the function of building as the second most important; the function of public service as the last, but the public service is the activator for the whole real estate market. The function of economic environment, however, does not influence the real estate price so greatly when the types of real estate vary.