e v e d HISTORICAL CENTRES e REVITALIZATION

e v e d HISTORICAL CENTRES e REVITALIZATION – AN ADDED t. THE REAL ESTATE VALUE ta TO s MARKET nag e l a a m e te r ta s e l a INTERNATIONAL INVESTMENT FORUM BUCHAREST 27 -29 OCTOBER 2005 IHS Romania SRL

IHS Partners IHS Romania SRL

g a n Objective Presenting: n a b a m • The costs of contemporary urban evolution • Chances in reorientation of the real estate market • Training opportunities in real estate management/development r u IHS Romania SRL

IHS Romania experience in the field • • n a e g a management plan for Sibiu Historical Centre marketing for Oradea central area management of Alba Iulia historical heritage Bucharest historic centre strategy m n a b r u For further information consult our website: www. ihs-romania. ro IHS Romania SRL

Urban evolution cycle • • urbanization suburbanization dezurbanization reurbanization n a b (van der Berg, 1985) r u m p o l e v e d The case for Romanian cities: • cities with economic growth are in phase 2 • cities with economic decline are in phase 3 IHS Romania SRL

Which are the costs? v e d lo e 1. For peri-urban area e t a t s • the invasion of agricultural land • moving the core of urban suprastructure from the core of the urban infrastructure • pressure on the local budget • aggression of the natural environment • pressure on scarce natural resources a e r e l IHS Romania SRL

Which are the costs ? g a n 2. For the central area • • a m degradation of the built heritage illegal occupation of the buildings car traffic congestion/ air pollution decline of economic activities lower income and higher unemployment social exclusion/ appearance of violence degradation of the image /avoidance/ deserting the historic center a re te ta s e l IHS Romania SRL

e Rediscovery of the Centre v e 4 ways to intervene d e t a t g s a e n l a a m e te r ta s e l a 1. Curing / socially: social regeneration programme, creating job opportunities, training, urban policies for big cities; 2. Curing / physically: restructuring, demolishing, renovate/rehabilitate. 3. Preventing / socially: involving the tenants; involving the private sector. 4. Preventing / physically: maintenance, delinquency prevention, urban revitalisation. IHS Romania SRL

e m p lo Can these solutions be implemented in Romania? e v e Opportunities: § § § § d e declining inflation below 10% increasing the average income City halls can contract loans EIB finances urban rehabilitation programme EBRD finances the urban infrastructure cohesion/structural funds WB project on the mortgage insurance system e r l a s e t ta IHS Romania SRL

v e d lo e Historical areas revitalization – what is their real significance? e t a t s § do they refer to mending a window or a roof? § is this a design, planning or urban management problem? § is this an accumulating or redistribution issue? § does it have an esthetic or administrative character? § does it have a technical or procedural content? § etc. a e r e l IHS Romania SRL

e v e d Our solutions to solving the problem: Training and/or Education! e t a Real estate sector development training programme t s (Erasmus University, Rotterdam Development Corporation, Netherlands; Lincon Institute of Land Policy, SUA; Lund University, Sweden) e l g a n § dedicated module in a master programme: exam and diploma a e r a m Real estate sector management training programme § short programme: exam and certificate te ta Training domains: § § § Public-private partnership and urban development scenarios Land policies: obiectives and instruments (financial, fiscal, planning) Real estate market risk sectors Market analysis and marketing strategies Evaluation and impact methods Properties management a s e l IHS Romania SRL