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Immovable Cultural Heritage Usage Modes: Theoretical Approach

Author

Listed:
  • Vladislavas Kutut
  • Natalija Lepkova
  • Sabina Zrobek

Abstract

Purpose: The article aims to emphasize the importance of a multifaceted and detailed analysis of the problem of protection and using modes of immovable cultural heritage, considering the heritage types and involving investors in this process. Design/Methodology/Approach: The monographic method was used for the scientific literature and legal provisions (especially Lithuanian law) analysis. Additionally, the websites, of the presented dilemmas of the buyers of immovable monuments, were analyzed. Findings: Research results confirm that the immovable cultural heritage has a complex nature, and decisions about their usage modes, should be investigated deeper. One should strive to maintain their uniqueness, but also to implement a system that reduces the risk of investors who decide to invest in the revalorization of historic buildings. Practical Implications: The article will make the current owner (State, local community) and potential investors more aware of the factors that should be considered when managing their or deciding to purchase a property constituting cultural heritage. Originality/Value: Authors proposed the model of the risk identification and restrictions connected with the purchase and management of property constituting cultural heritage by potential investors.

Suggested Citation

  • Vladislavas Kutut & Natalija Lepkova & Sabina Zrobek, 2021. "Immovable Cultural Heritage Usage Modes: Theoretical Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1136-1151.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special1:p:1136-1151
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    File URL: https://ersj.eu/journal/2092/download
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    References listed on IDEAS

    as
    1. Franco, Sofia F. & Macdonald, Jacob L., 2018. "The effects of cultural heritage on residential property values: Evidence from Lisbon, Portugal," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 35-56.
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    Cited by:

    1. Piotr Dynowski & Anna Zrobek-Sokolnik & Izabela Jablonska-Barna, 2021. "Determining the Range of Influence of Tourist Trails Users on Naturally Valuable Areas: A Proposal of a Method and a Practical Example," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 560-575.
    2. Anna Źróbek-Sokolnik & Piotr Dynowski & Sabina Źróbek, 2021. "Preservation and Restoration of Roadside Tree Alleys in Line with Sustainable Development Principles—Mission (Im)possible?," Sustainability, MDPI, vol. 13(17), pages 1-17, August.
    3. Sadowy Katarzyna & Brodowicz Dominika P., 2021. "New Craft Production in Europe - between Creative Class and Industrial Manufacturing," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 896-920.

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    More about this item

    Keywords

    Commercialization immovable heritage; heritage protection; usage modes of heritage buildings.;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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