Solutions for the Rehabilitation of Historical Building Facades with Local Materials

The present research aims to identify the possibilities of rehabilitation of building facades in the centre of Chisinau, through the use of high-performance materials, use of high-performance technologies in execution, reduction of facade renovation costs, etc. In the process of organising the rehabilitation works of historical buildings of architectural value, we are dealing with the following: the value of the rehabilitation works of a historical building is very high, the duration of the rehabilitation is important, the attitude of the society is insufficient, the lack of strategies for the rehabilitation of buildings at the municipality level. In order to achieve this objective, we propose to research the following tasks: definition of the concept of rehabilitation of buildings in the Historic Centre of Chisinau;legislative, normative assurance of rehabilitation of historical heritage in the Republic of Moldova;analysis of the situation in Chisinau on the example of historical buildings with limestone finishes and examination by non-destructive methods of facades;solutions for rehabilitation of facades of historical buildings by comparing two types of technologies. In conclusion, emphasis will be placed on the choice of the most efficient method in terms of material, technology and cost.

Applicability of Databases in the Real Estate Valuation Process in the Conditions of the Emerging Economy of the Republic of Moldova

The real estate valuation activity in the Republic of Moldova dates from 2002, with the adoption of Law No. 989 on Evaluation Activity. Nevertheless, the legislative and methodological framework is extremely limited. There are no national professional standards. Meanwhile, the situations that require real estate valuation are multiplying and diversifying. Therefore, the valuers apply the provisions of the International Valuation Standards (IVS) and of the European Valuation Standards (TEGoVA) adapting them to the national realities by virtue of their knowledge and experience. Information stored in databases plays an important role in the real estate valuation process. In this paper, the authors analyse the content of existing databases in the Republic of Moldova (the databases of normative documents, the information system for the cadastre of real estate, the statistical databases, and specialized databases), the quality of the included information, as well as the applicability of that information in the real estate valuation process. The disadvantages, limitations and shortcomings of databases are highlighted, and measures are proposed to increase their usefulness.

Depreciation of the Economic Value of Historic Properties

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, analyze 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.