Introduction section Model to estimate the value of public sector real estate
Model to estimate the value of public sector real estate
The model to estimate the value of Italy's public sector real estate was developed by the Department of the Treasury as part of the “progetto Patrimonio della PA” (“general government assets project”), launched pursuant to Italian law no. 191/2009, art. 2, paragraph 222, for the annual census of general government assets. This model allows the census carried out by the Department of the Treasury to gain more in-depth knowledge and understanding, making it possible, for the first time, to value public sector real estate based on technical criteria shared by institutional entities operating in the sector.