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Art: Value creation and Enhancement

The added value and significance of art in our community spaces and real estate investments.

Artworks appearing in our public spaces and real estate developments become symbols of our communities, reflecting our shared history, culture, and creating meeting points that connect different social groups of varying situations, lifestyles, and cultures. However, art present in our environment serves not only as something special for our communities but also functions as a driver for investments. The multifaceted impact of art in the economy, specifically in the real estate sector, is clearly evident. Artworks featured in various types of property developments and investments in community spaces increase the value of properties, exert unique attractiveness in the real estate market, while contributing to the definition and revitalization of the urban fabric, potentially catalyzing it for decades. This, in turn, creates an ecosystem where art’s well-known value-creating power is complemented by its value-enhancing effect.

While numerous examples demonstrate the value-creating and enhancing effects of art, what factors hinder the establishment of a harmonious and continuous relationship between real estate development and the world of art, based on an understanding of each other’s interests? And what is the secret to success where it does work well? The value-enhancing effect of artistic interventions is unquestionable for some, but are there numbers, statistics, and if not, why not, that make this tangible? How can the stakeholders who influence investment decisions contribute to the expansion of art? And what motivates decision-makers in both the public and private sectors in this regard?

Speakers:

  • Lóránt Perényi, Deputy State Secretariat for Architectural Strategy, Ministry of Construction and Transport of Hungary,
  • Zsófia Jakab, CEO, Hungarian Fashion and Design Agency,
  • Harbinder Singh Birdi, Architect and Creative Director of Birdi & Partners,
  • Dejan Sluga, director, Photon Gallery, Ljubjana.

Moderated by:

Anna Szilágyi, urban planner, program manager of Building on Art, Hungary

2023. October 19. 17:30
Art Market Budapest Art Market InsideArt Auditorum
10/19/2023 05:30 PM 10/19/2023 07:00 PM Europe/Budapest Art: Value creation and Enhancement The added value and significance of art in our community spaces and real estate investments. Artworks appearing in our public spaces and real estate developments… Art Market Budapest Save this event to your calendar