The relationship of geographical indications with real property valuation and management

Abstract

Purpose - The purpose of this paper is to examine the relationship of geographical indications (GIs) with real property valuation and management. Design/methodology/approach - The paper considers existing and developing legal frameworks and current guidance with practical examples to support points made. Findings - GIs have been overlooked to date in valuation guidance yet have a relevance that needs to be addressed. They are also relevant to practice and theory in other areas, for example compulsory purchase and planning. Research limitations/implications - The paper identifies issues and problems: it does not suggest complete solutions, which in particular areas will need to be based on further research. Practical implications - The paper has a high degree of practical relevance. Originality/value - The paper is believed to be the first to consider the implications of GIs on real property valuation and management. The research identifies a gap in present valuation guidance and the potential for inconsistency in approach. The paper highlights the importance and relevance of GIs.