4IpaUJbnm

egulations in force, and the real estate profit margin, will always be proportional to the
result of the sum of the previous factors.
As regards the cost of the land, the (Fc) is applied whenever the terrain has a construction
site or in the case if construction does not exist, it is considered cultural heritage. For
example, if there are underground constructions, if there are fossils, or whether it was an
important battle site. Otherwise, it will not apply proportionality (Fc). Of course, we should
take into consideration all other forms of weighting from the point of view of depreciation
that will influence the homogenization of the market values for the calculation remain. The
formula that serves us, for example, could be interpreted as follows: V = ((Vt + Cc + Cp + Ca
+ Ctx) x (Fc)) x (1 + M). "Fc" corresponds to a percentage within the total percentage
assigned to these weights. Corresponding to this case study, it is about 13%.
Conclusions
The street has been a place that no one cares about, and in most cases, it has been
understood to be a dirty place where there is litter everywhere and various stalls where
diverse businesses take place. In most instances, the drainage of various streets has been
known to be an issue of major concern. However, there are measures that have been
developed by government administrators to improve the condition of the street that have
helped improve the condition of various cities. Despite the fact that the streets have
improved a bit from what was considered as worse, it is recommended that the street
should be improved and transformed to attract tourists, which can also be used as an asset
by the nation to improve economic stability and national growth as well as development.
With better conditions and with a branded concept, the street (Rua da Madalena in Lisbon)
will have a higher value in the real estate market, and at the same time, it will protect the
immaterial value of the street, though the memories of the past are the silent numbers in
the mathematical formula to estimate the real value of the street.
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Acknowledgments. This work is financed by national funds by FCT - Foundation for Science and Technology
under the Project UID/AUR / 04026/2013, CITAD - Research Centre for Territory, Architecture and Design.
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