The values of built heritage

Abstract

Purpose -The purpose of this paper is to consider some of the approaches which have been developed to bring forward awareness of the role of heritage and its significance in reducing the use of carbon incurred by the creation of new structures. Design/methodology/approach -The approach adopted is to look at the emergence and dissemination of these issues through published literature including professional standards and guidelines for the management and valuation of historic property and also to consider the practice of heritage management and assessment in Western Australia. Findings -The paper finds that Australia has a well-developed system of heritage management but has been slow to adapt to its responsibilities under international treaties in the area of sustainable practices in the property field but that there is evidence of progress to improve the situation. Whilst the overall picture of the impact of heritage listing on property value remains clouded, and arguments for both positive and negative impacts are evident from the many perspectives researchers have considered, the sustainable use of resources is one which is currently receiving more attention in professional and academic circles.Research limitations/implications -The predominant focus of this paper is from an Australian perspective but with reference to the UK context. Originality/value -The contribution of this paper is that, by drawing attention to the value of built heritage as an expression of cultural worth, the demand for new structures can be constrained to some extent by reuse of existing buildings, resulting in more sustainable practices. This environmental view of heritage property may result in its being more favoured as an investment asset in the future due to its smaller carbon footprint than more recent, or potential replacement, structures.

Exploring Newcastle’s Potential as an Industrial Heritage Tourism Destination

“…As per the Environment Protection Biodiversity Conservation Act in Australia, the heritage value of a place is defined as including, "A place's natural and cultural environment having aesthetic, historic, scientific or social significance of other significance, for current and future generations of Australians" (EPBC, 1999). In addition two successive Australianfocused analyses, respectively based on surveys conducted in 2005 (Armitage and Irons, 2013) and 2010 (McDonald, 2011) confirmed the strength of support within the community for a wide range of heritage considerations including education, identity and culture.…”

Priceless or Bankrupt: Problems and Prospects from a Built Heritage Conservation Perceptive

“…One view is that cultural built heritage should not be subjected to any form of valuation because its benefits to the environment are obvious and incalculable. The other, according to Armitage and Irons (2013), is the failing of the assessment of its environmental benefits by monetary metric makes internalisation of trade-offs and allocating of resources efficiently difficult.…”

Volume 17 : 2019 Issue 1

“…Empirical evidences proved that the price increases if the property with the following categories; i. Has a renovation or in good of maintenance condition (Abidoye & Chan, 2016;Armitage & Irons, 2013;Wright & Eppink, 2016);…”

“…Heritage property has valuable contribution for sustainability from social, environmental and economic perspectives, is widely recognized and emphasized by many government agencies, local communities and all stakeholders (Armitage & Irons, 2013). As the real estate is well known for its complexity in nature, there are many characteristics that influence its values regardless of the location (Abidoye & Chan, 2016;Rahman, 2018).…”