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Emerging Trends Europe’s survey suggests that European real estate professionals are still very positive about business prospects in 2015, though somewhat less confident than they were a year ago. The Italian real estate market is more than a decade undergoing profound changes. In Italy the real estate market is characterized by a lot of investors but they don’t trust the government enough yet to deploy capital. The present paper aims to propose a multi criteria approach to evaluate risk and uncertainty in real estate investment valuation procedures.

EMERGING TRENDS IN REAL ESTATE MARKETS: PROPOSAL OF A MULTI CRITERIA MODEL OF INVESTMENTS RISKINESS