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