首页|旅居养老地产租赁价值评估中收益反算法的改进研究——以Z集团为例

旅居养老地产租赁价值评估中收益反算法的改进研究——以Z集团为例

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老龄人口的增多、养老方式的转变以及国家助老政策的颁布落实,使得旅居养老地产的租赁活动随之增加.而目前,国内对房地产租赁价值传统评估方法的研究较少.因此,本文总结了房地产租赁价值评估方法以及收益反算法中重要参数的研究成果,以Z集团旅居养老地产租赁价值评估为例,在综合还原率系数的确定中运用G1-FCE综合评价模型,并采用两阶段期初增长型年金计算公式对不含税年净租金进行计算调整,以优化传统收益反算法的计算.
Research on the Improvement of Income Inverse Algorithm in the Assessment of Lease Value of Traveling and Retirement Real Estate——Taking Group Z as an Example
The increase in the aging population,the change in the way of old-age care,and the promulgation and implementation of the national policy of assisting the elderly have led to a subsequent increase in the leasing activities of travel and retirement real estate.At present,there are fewer studies on real estate rental value in China,and although new methods such as characteristic price and big data simulation have appeared in theoretical research,traditional methods such as inverse yield algorithm are still used in practice for assessment.Therefore,this paper summarizes the research results of real estate lease value assessment methods and important parameters in the inverse yield algorithm,takes the lease value assessment of Z Group's residential pension real estate as an example,applies the Gl-FCE comprehensive evaluation model in the determination of the comprehensive reduction rate coefficients,and adopts the two-stage beginning-of-period growth-type annuity formula to calculate and adjust the non-taxed annual net rent to optimize the calculation of the traditional inverse yield algorithm.

Traveling retirement real estateRental value assessmentIncome inverse algorithm improvementcomprehensive reduction rate

胡艳、兰飞、周汇、马秀花、姚薇、赵丹丹

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武汉理工大学,湖北武汉 430070

南通市崇川区幸福街道办事处,江苏南通 226012

中国建设银行股份有限公司临夏分行,甘肃省临夏回族自治州 731100

北京同仁和资产评估有限责任公司,北京 100055

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旅居养老地产 租赁价值评估 收益反算法改进 综合还原率

2024

中国资产评估
中国资产评估协会

中国资产评估

CSTPCDCHSSCD
影响因子:0.164
ISSN:1007-0265
年,卷(期):2024.(10)