Development of a Methodology for Assessing the Technical Level of Cultural Heritage Objects in Construction

Liubov Lisienkova,Tatyana Shindina,Tatiana Lisienkova

doi:10.28991/cej-2021-03091680

Abstract

Cultural objects (building and construction) that are considered as the most valuable segment of real estate in terms of historical heritage usually evaluated only by monetary aspects. Not concreteness of the approaches to the determination of the historical heritage objects leads to the fact that its original value often remains unread, the assessment has subjective character, reflects the values of certain time frame and place. Therefore, for the purpose of determination of value of the historical heritage objects, there is need for the creation of the unified classification system of their assessment. Thus, this research is considered to be very relevant. The paper investigates intangible factors that affect the evaluation of cultural heritage objects in construction. In the work a system of value indicators, which take into account not only tangible indicators but also the intangible value of cultural heritage objects, has been developed. Developed indicators system makes it possible to evaluate the historical and cultural value of real estate objects quite objectively on the contrary to common methods which deal only with monetary aspects of market price of such objects. A methodology for a comprehensive evaluation of cultural heritage objects has been formed as well. This methodology is based on both the traditional comparative approach and the system of value indicators. As a result, suggested integrated approach has been proven to provide fair evaluation of both the tangible and intangible characteristics and improve the quality of cultural heritage objects assessment process. Doi: 10.28991/cej-2021-03091680 Full Text: PDF

Highlights

Cultural heritage objects are the most valuable segment of real estate in terms of history, archeology, architecture, urban planning, art, science and technology, aesthetics, ethnology or anthropology, social culture and are evidence of eras and civilizations, sources of information about culture [1].Despite the value of cultural heritage objects, most of these constructions and buildings require restoration
In the work a system of value indicators, which take into account tangible indicators and the intangible value of cultural heritage objects, has been developed
Sale or long-term lease of cultural heritage sites are one of the ways to preserve the intangible value of such buildings [2]

Summary

Introduction

Cultural heritage objects (building and construction) are the most valuable segment of real estate in terms of history, archeology, architecture, urban planning, art, science and technology, aesthetics, ethnology or anthropology, social culture and are evidence of eras and civilizations, sources of information about culture [1]. Despite the value of cultural heritage objects, most of these constructions and buildings require restoration. There is a practice of transferring cultural heritage objects into the ownership of investors, or in transferring objects for a long-term lease (usually for 49 years). Sale or long-term lease of cultural heritage sites are one of the ways to preserve the intangible value of such buildings [2]. A contradiction arises between the need to conduct market transactions with cultural heritage objects and the lack of an objective methodology for evaluation of the intangible component that present historical and cultural value of these objects to the real estate market

Objectives

Methods

Conclusion