It is too expensive to look after and repair old buildings. This money should be spent on building modern buildings instead. To what extent do you agree or disagree?

Property

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The property

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sector is one of the biggest contributors to the economy of a country. Critics often argue that it is better to spend on contemporary structures than old buildings due to the vast amount of money involved

for

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maintaining vulnerable and aged properties.

This

essay will argue that it is absolutely critical to take care of the heritage establishments and at the same time, invest in new dwellings. Not all old buildings hold significant cultural and historic values. Some ancient establishments portray great identity for a particular community, city or even country. Take Sydney Town Hall

for example

. It tells us

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istory of hundreds of years and helps us to visualise the transition from a colonial town to a cosmopolitan city in the world. Despite the fact that

such

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nique place would attract a massive yearly maintenance budget, the Sydneysiders would not be willing to compromise their emotion attached to

this

building.

However

, sometimes it is required to demolish old buildings with no significance.

On the other hand

, constructing new properties is inevitably one of the effective drivers for economic growth. It not only creates employment opportunities but more houses to accommodate

g

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the

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rowing population. During the Global Financial Crisis, a number of national economies had collapsed as the majority

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construction businesses were out of jobs. In order to move the wheel of the fiscal policy, we need to engage our capital on modern establishments. To summarise, real estate and construction industries are key to the world economy.

This

essay has argued that while it is essential to invest in newer accommodation and office spaces, it is

also

our responsibility to maintain the heritage and pre-historic sites.