摘要：The paper presents an application of multi-criteria evaluation developed to select the most significant property characteristics of a real estate portfolio. The selected characteristics are utilized within a multi-parameter model to estimate the most probable market value of a large public property portfolio owned by the Bank of Italy. The multi-criteria evaluation is based on the involvement of some key actors of the decision process. The goal is overcoming the difficulties presented by econometric models due to the scarcity of a large sample real estate data. The application has shown that the selection and weighting of real estate characteristics allows the development of a reliable mass appraisal without the need for large amounts of data necessary for the application of regression models. DOI: http://dx.medra.org/10.19254/LaborEst.17.05.
关键词：Mass appraisal; Multicriteria evaluation; Real estate value; Real estate characteristics
