Specific Characteristics Of real Estate Development In Cultural Heritage Areas

Abstract

The inclusion of cultural heritage in the global recovery schemes is an important catalyst for sustainable development. Successful regeneration of heritage sites causes large-scale effect, going beyond the boundaries of a particular object, and has a positive influence on society and the city. Theoretically regeneration of cultural heritage is necessary to avoid the downturn of object’s physical, economical and social characteristics. It is also important to note that the cultural heritage renovation of city spaces should to integrate into the urban environment and its development. Creating conditions for the arising of successful elements in the urban environment as a whole, separate buildings are not as important as the overall impression of the city and the atmosphere in a particular space. However, the individual buildings can be an important starting point to create a successful ambient impression. The cultural heritage objects often help to regenerate their environment, including the historical and economic value to the building surroundings. Thanks to the restoration of historic buildings can be created an attractive environment where people want to work, live or visit. A sign that the historic area is successfully developed shows people’s desire to be in a such environments. Cultural heritage can be used to strengthen the local economy, attract investment, and to highlight the uniqueness of the local ambient or to create specific added value of real estate. Restoring of cultural heritage sites can be more costly than the original estimates of owners. However, common research shows that even the increased estimates in the process of work may be lower than the construction new objects, that does not create such a high economic value, as a historical building. Materials, energy resources, waste in the construction of new buildings are less efficient than the advantages of repeated resurrection of the object. Repeated reconstruction of the heritage sites reduces gas emissions generated during construction, and also reduces landfilled waste, household waste disposal, what directly influences greenhouse gas emission reductions. Reinvestment to historical sites ensures preservation of inherited buildings, spaces and places for future generations