Nieruchomość zabytkowa jako lokata kapitału : motywacje inwestorów

At present, the Polish real estate market is composed of more than 40 000 objects o f architecture and construction, recognised as historical monuments due to their value as testimony of the material culture and history of the nation. The buyers of historical real estate attach great importance to the wish to meet their own (or family) residential requirements, the purchase of a historical residence as a prestigious seat of a given firm, the elevation of social rank thanks to the attribute to a “landed estate” as well as the desire to profit from real estate which will be a source of a steady income (hotel, restaurant). In certain situations several motives coincide. At any rate, historical real estate is treated predominantly as relatively secure capital investment. The attribute of such real estate is permanently associated with its location and a moderate level of risk, as compared to other modes of investment. An important motive of the decisions made by numerous investors could be tax exemption and hope for (theoretically obtainable) means for repair and conservation. Many investors are determined to buy back from the State Treasury historical real estate which in the past belonged to their families. In such cases, they are ready to use their own funds, without waiting for legislation acts enabling a free-ofcharge recovery of family residences.