Economic Valuation of Urban Heritage

In response to the increasing complexity of urban heritage management, this study proposes an analytical framework that integrates sustainability theory with multicriteria approaches to economic valuation. A systematic and integrative literature review was conducted, drawing on over sixty documented international case studies. These cases reveal dominant methodological trends, their application contexts, and the strengths and limitations of the valuation tools employed. The critical analysis distinguishes classical monetary approaches from more systemic methods that incorporate social, cultural, and environmental dimensions. The need to move beyond purely economic logics by integrating strong sustainability criteria and often overlooked qualitative indicators is highlighted in the study. Based on this diagnosis, a multicriteria economic valuation method rooted in sustainability is identified as the most appropriate. The research culminates in the development of an analytical grid encompassing both tangible and intangible factors, aimed at supporting informed decision-making in the valorization and planning of urban heritage. The proposed method is characterized by its adaptability to complex heritage urban contexts.