Built heritage as a positive location factor - economic potentials of listed properties

Haspel, Jörg (2011) Built heritage as a positive location factor - economic potentials of listed properties. In: ICOMOS 17th General Assembly, 2011-11-27 / 2011-12-02, Paris, France. [Conference or Workshop Item]

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Abstract (in English)

Similar to bids for the Olympic Games or the Football World Cup, it is ex-tremely difficult to establish the long-term financial advantages and disadvantages of listed buildings. But the findings of long-term economic studies are surprisingly posi-tive. A whole series of real-estate studies conducted and published over the last ten to twenty years in Germany revealed positive developments. This was true in the case of listed buildings ensembles in major cities such as Hamburg or Berlin, as well as listed properties in small and medium-sized towns or in rural areas. The positive standing of these cities also has an impact on the areas surrounding listed buildings and neighbouring properties. 1. Economic benefits of the cultural heritage Listed addresses have a very singular appeal. Unlike the mass-produced goods on the property market, they have a very distinct character, are tailor-made for life’s individualist and offer incomparable solutions in terms of space. They are part of our historical and cultural heritage, and possess a history which newer buildings will only acquire over generations. Nowadays, listed properties are no longer simply regarded as cultural assets. Historical, especially listed buildings, are increasingly seen as solid economic goods. In the next few decades, more than 75% of all building projects will be carried out on existing housing stock, automatically including listed stocks. 2. Economic incentives for private owners of the built heritage In Germany there are mainly two instruments of financial aids and economic incen-tives for private owners or developers of listed buildings, that have to be mentioned: The amount of public aids for preservation and restoration of monuments has been generally and rapidly decreasing since 2000. An growing number of Foundations only partly compensates the obvious decline of public funding. German tax legislation rewards private engagement in monument preservation in the form of reduced taxation. Financial support in form of tax relief for private investments in listed buildings has been introduced not solely for conservation, but also for economic and urban reasons. Tax benefits have become the most important economic management tool and financial incentive for heritage conservation and re-newal.

Item Type: Conference or Workshop Item (Paper)
Haspel, Jörg
Languages: English
Keywords: built heritage; economic aspects; economic development; gardens; old buildings; private owners; conservation; cultural tourism; sustainability; europe; economic impact; costs/benefits analysis; incentives; listes buildings; listed cultural heritage; germany
Subjects: C. ARCHITECTURE > 06. Structures of buildings
H. HERITAGE TYPOLOGIES > 26. Urban settlements
I. CULTURAL TOURISM > 04. Sustainable tourism
I. CULTURAL TOURISM > 05. Tourism impact
J. HERITAGE ECONOMICS > 02. Economic impact of heritage
ICOMOS Special Collection: Scientific Symposium (ICOMOS General Assemblies)
ICOMOS Special Collection Volume: 2011, 17th
Depositing User: intern icomos
Date Deposited: 20 Dec 2012 10:33
Last Modified: 20 Dec 2012 10:33
URI: https://openarchive.icomos.org/id/eprint/1304

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