Abstract

This article examines the rather complex issue of valuing heritage, particularly as it concerns buildings with age, historical or cultural relevance, which are all qualities difficult to measure in financial terms. It also reviews some valuation techniques used in the recent field of heritage economics from relevant literature and how these techniques have been used in Valuing heritage. The study adopts a reconnoitering and actual market survey approach to explore the property development and valuation market as it concerns heritage buildings in two distinct locations in Port-Harcourt. It looks at how buildings that qualify as heritage property are valued in the current day property market in Port-Harcourt, what forces drive their current value and the potential forces that could possibly raise their heritage value.