The purpose of this paper is to examine the relationship of geographical indications (GIs) with real property valuation and management.
The paper considers existing and developing legal frameworks and current guidance with practical examples to support points made.
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.
The paper identifies issues and problems: it does not suggest complete solutions, which in particular areas will need to be based on further research.
The paper has a high degree of practical relevance.
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.
