Evaluation of the Economic Values of the Heritage Buildings in the Historical Center of Bucharest Municipality

Florentina-Cristina Merciu (), Andreea-Loreta Cercleux (), George-Laurențiu Merciu () and George Secăreanu ()
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Florentina-Cristina Merciu: University of Bucharest, Interdisciplinary Center for Advanced Research on Territorial Dynamics
Andreea-Loreta Cercleux: University of Bucharest, Interdisciplinary Center for Advanced Research on Territorial Dynamics
George-Laurențiu Merciu: University of Bucharest
George Secăreanu: University of Bucharest, Interdisciplinary Center for Advanced Research on Territorial Dynamics

A chapter in Organizations and Performance in a Complex World, 2021, pp 159-175 from Springer

Abstract: Abstract Heritage buildings have a certain economic value that overlaps with socio-cultural values. The aim of the study is to evaluate the economic values of use and non-use of heritage buildings of the historical center of Bucharest Municipality. Methodologically, assessing the economic value of the heritage is complex and difficult. For the elaboration of the study, the contingent valuation method was used to evaluate the non-used economic value. At the same time, indicators related to real estate values and to the use of heritage properties in the study area were selected to assess their economic value. The preliminary results show higher prices of the real estate values of the historical buildings. On the other hand, it is noticed that the reuse of heritage buildings is strongly influenced by the development of the cultural tourism in the historic center of the capital city (trade, tourism and cultural services).

Keywords: Restoration; Adaptive reuse; Cultural activities (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-50676-6_13

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DOI: 10.1007/978-3-030-50676-6_13

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