Depreciation of the Economic Value of Historic Properties  

作　　者：Svetlana Albu Ion Albu Svetlana Albu;Ion Albu(Engineering, Law and Real Estate Valuation, Technical University of Moldova, Chisinau, Republic of Moldova)

机构地区：[1]Engineering, Law and Real Estate Valuation, Technical University of Moldova, Chisinau, Republic of Moldova

出　　处：《Open Journal of Applied Sciences》2021年第11期1256-1267,共12页应用科学（英文）

摘　　要：Historic properties are cultural, historic and/or architectural heritage assets that may have legal or statutory protection due to their cultural and economic importance. Often the real estate with a certain historical value is privately owned, and the owners request the estimation of the value of these properties, either for advisory purposes, or to gage the property for the purpose of lending, or for other purposes. In this research, the authors, within the framework of the cost approach, analy</span><span style="font-family:"">z</span><span style="font-family:"">e the peculiarities of estimating the depreciation of the economic value of real estate properties with historic/architectural value. The emphasis is placed on the methods of estimating the physical depreciation and it is recommended to apply them depending on the condition of the construction and the use or non-use of the real estate for a long time. Based on a case study, the authors explain the paradox of the value of real estate with advanced age located in compact historical areas.Historic properties are cultural, historic and/or architectural heritage assets that may have legal or statutory protection due to their cultural and economic importance. Often the real estate with a certain historical value is privately owned, and the owners request the estimation of the value of these properties, either for advisory purposes, or to gage the property for the purpose of lending, or for other purposes. In this research, the authors, within the framework of the cost approach, analy</span><span style="font-family:"">z</span><span style="font-family:"">e the peculiarities of estimating the depreciation of the economic value of real estate properties with historic/architectural value. The emphasis is placed on the methods of estimating the physical depreciation and it is recommended to apply them depending on the condition of the construction and the use or non-use of the real estate for a long time. Based on a case study, the authors explain the paradox of the value of real estate with advanced age located in compact historical areas.

关 键 词：Real Estate VALUATION Cost Approach Physical Wear Functional Depreciation Economic Depreciation 

分 类 号：O17[理学—数学]