**1. Introduction**

The risk in real estate has been tackled according to various areas: from the point of view of the building object, of the asset subject to urban regeneration on a larger scale. Since real estate is an investment area, the methods and models of finance have always been applied, generating a strong induced and a strong current of both scientific research and the development of financial products for real estate investment. Among others, the theme of price risk linked to the economic contingency [1] as the main effect on investment is a prominent topic in literature. The idea of the economic price of the investment, understood as the total of all the large-scale effects that can impact on the value of the investment, is still a neglected theme, especially on an urban scale, when complexity grows, and uncertainty dominates risk-related models. Due to the characteristic of real estate, the impact of real estate elements on globalization and geopolitics has also been studied [2] making clear the need to pursue a comprehensive approach to evaluate the causes that govern the change in a real estate project, and consequently, how an urban regeneration process needs the study of various factors at a higher level to understand the drivers [3].
