Relationship Between Architectural Style and Property Value in the Czech Republic

Pavel Klika; David Brandejs; Karla Háva; Sofie Pokorná; Monika Doležalová; Vítězslava Hlavinková

doi:10.2478/cee-2025-0059

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Relationship Between Architectural Style and Property Value in the Czech Republic

Civil and Environmental Engineering

Volume 21 (2025): Issue 2 (December 2025)

By: Pavel Klika, David Brandejs, Karla Háva, Sofie Pokorná, Monika Doležalová and Vítězslava Hlavinková

Open Access

|Jun 2025

Abstract

This study investigates the influence of architectural styles on the value of housing units in heritage-listed apartment buildings across four Czech cities: Brno, Olomouc, Pilsen, and Ceske Budejovice (Budweis). Utilizing data from the National Heritage Institute, the Czech Statistical Office and Czech office for Surveying, Mapping and Cadastre, the research evaluates the relationship between architectural styles and property values using statistical methods, including Analysis of Variance (ANOVA). The findings indicate no statistically significant influence of architectural style on property values, contrary to international studies suggesting a price premium for historical styles. However, a statistically significant effect of location on property values was identified, particularly in Brno. The study highlights cultural and geographic differences in architectural valuation and suggests further research to refine valuation methods for heritage-protected buildings, considering additional factors such as building condition, proximity to amenities, and public infrastructure.

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Articles in this issue

DOI: https://doi.org/10.2478/cee-2025-0059 | Journal eISSN: 2199-6512 | Journal ISSN: 1336-5835

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Language: English

Page range: 825 - 839

Published on: Jun 16, 2025

Published by: University of Žilina

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

Architectural style,

Historic protection,

Locational influences,

Price influences,

Property values

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Business management,

Industries,

Environmental management

© 2025 Pavel Klika, David Brandejs, Karla Háva, Sofie Pokorná, Monika Doležalová, Vítězslava Hlavinková, published by University of Žilina
This work is licensed under the Creative Commons Attribution 4.0 License.

Volume 21 (2025): Issue 2 (December 2025)