The semantic value of historical monuments as cultural heritage in urban texture: cases of Ankara Castle and Anıtkabir

OpenAlex · English

Historical monuments as cultural heritage are a prominent source of sociocultural values and have semantic values for city residents. Determining the importance level of the historical monuments for the residents will cause the right decisions to be taken in the strategic policy-making process related to recognizing and conserving them. This study aimed to provide empirical evidence of the semantic value of cultural heritage in the urban design project and policy-making process. Since cultural heritage is non-market Product, the Hedonic Pricing Model was used to determine its semantic values in the study. The study determined the semantic value of Ankara Castle and Anıtkabir in Ankara, with the help of the Hedonic Pricing Model, over the prices of houses located in a radius of 1200 meters of these monuments. A total of 364 houses around Ankara Castle and 496 houses around Anıtkabir were examined. As a result, as the houses get closer to the Ankara Castle, their prices increase by 5% per 100 meters, and the house prices rise by 3% per 100 meters as the house gets closer to the Anıtkabir.