Sirazetdinov R.M., Pukita A.G.Published in:
Russian Journal of Entrepreneurship
– Volume 18, Number 23 (December 2017)

JEL classification: D46, Z10, Z19

Keywords: assessment of cultural heritage objects, calculation of intangible factors, evaluation of architectural monuments, judicial screening assessment


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Abstract:

The aim of the study is to identify existing methods, their advantages and disadvantages, analyze their applicability and compliance with market practice. This study is based on a comparison of market and calculated data of the contribution of an intangible factor that distinguishes cultural heritage objects from other real estate objects and leads to an increase in value. The results of the research showed a number of discrepancies between the calculated and real market data. A part of the coefficients of the intangible factor, in addition to increasing the cost, also lead to an increase in encumbrance for the owner. That’s why, when using existing methods, we need to analyze them for compliance with market data and applicability to the evaluated object.

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