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An Economic Diagnosis of Historical Vilas in Alexandria: Reuse vs. Demolition
Abstract
Alexandria's old town center is like passing into an extensive gallery include various architectural forms of several ancient buildings. Since theses listed buildings in Egypt are not profitable from the financial perspective, the owners have plans to destroy them and locate an option for their monetary needs. The author, in the research objective of this chapter, tries to discover the best approach to raise the financial estimation of some listed villas in Alexandria until they have the same estimation of or more than the building if decimated and replaces by a tall structure. The results provide solutions for the owners who are ready to keep it and safeguard the cultural heritage of the city. The concluded remarks provide answers to the primary research question raises of how to achieve a win-win situation between listed buildings in Egypt and the economic needs of the users.
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