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Fiona Fogden

Knowledge and Information Services Manager,
RICS

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United Kingdom

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Knowledge and Information Services Manager,
RICS

My Content

1 to 20 of 50+ total

Renewable energy asset valuation

Posted By Fiona Fogden 13-03-2026 14:52
Found In Library: RICS Knowledgebase
For the valuation of renewable energy assets there is the RICS Professional Standard on Valuation of Assets in the commercial renewable energy sector The Red Book Global Standards cover a large range of asset classes and whilst they do not specifically mention wind turbines they would ...

Register of valuations

Posted By Fiona Fogden 13-03-2026 14:45
Found In Library: RICS Knowledgebase
The RICS is sometimes asked to amend a valuation or to delete a valuation from a database. The RICS as a professional organisation is not able to do either of these. The RICS does not maintain a database of valuations and we are not aware of any central register for residential valuations, some ...

Lifespan of a building

Posted By Fiona Fogden 12-03-2026 14:19
Found In Library: RICS Knowledgebase
In RICS valuation standards there is no defined span for the life of a building. For valuation, the appropriate economic life (when requested) is down to valuers’ professional judgement and will depend on factors such as construction type, maintenance etc. It is important to note that the WLCA ...

AI, Drone and Emerging technologies in Valuation - new ebook

Posted By Fiona Fogden 10-03-2026 14:21
Found In Egroup: Valuation \ view thread
Advancing Real Property Valuation: AI, Drone and Emerging Digital Technologies by Johan Amar and Lynne Armitage published in February 2026 examines how AI, drones and emerging digital tools are being integrated into valuation processes across varied contexts. Its scope extends beyond traditional property ...

Pylons affecting valuation

Posted By Fiona Fogden 26-02-2026 16:25
Found In Library: RICS Knowledgebase
In RICS guidance There are only a few formal mentions of pylons in RICS Valuation guidance. One is within Section 4.3 of the new build homes guidance available at https://www.rics.org/content/dam/ricsglobal/documents/standards/valuation_of_individual_new_build_homes.pdf The valuer would ...

Public sector valuations

Posted By Fiona Fogden 26-02-2026 16:13
Found In Library: RICS Knowledgebase
The public sector includes central government, local government and public corporations. There are many RICS valuation professionals who are employed both internally by public sector organisations and by external consultancies, who specialize in providing independent, impartial valuation and professional ...

Prudent valuation

Posted By Fiona Fogden 20-02-2026 15:59
Found In Library: RICS Knowledgebase
RICS has long been at the forefront of promoting prudent valuation practices in the real estate sector. Our standards, including the RICS Valuation – Global Standards (the Red Book), set clear guidelines for professionals to ensure transparency, accuracy, and responsibility in asset valuations. RICS ...

Post-dated evidence in valuation

Posted By Fiona Fogden 20-02-2026 15:44
Found In Library: RICS Knowledgebase
The issue of the use of post-dated evidence has been discussed and debated by an Expert Working Group and Chair overseeing the update of the Comparable Evidence guidance. A draft is expected Spring 2026. The final version, taking on board the feedback and insight, will be published later in 2026. ...

Valuation of petrol filling stations

Posted By Fiona Fogden 20-02-2026 15:32
Found In Library: RICS Knowledgebase
There is a section on isurv (subscription required) at https://www.isurv.com/site/scripts/documents.php?categoryID=154 #Valuation #CommercialProperty #CommercialValuation

Family Research

Posted By Fiona Fogden 20-02-2026 15:09
Found In Library: RICS Knowledgebase
Our Knowledge Manager can search the membership directories for entries of past members. Anything more than this is not possible due to limited capacity. Physical membership directories and lists exist between 1868 and 2010. A membership directory entry will include the date they qualified, ...

Overage/Clawback/Uplift valuations

Posted By Fiona Fogden 20-02-2026 14:57
Found In Library: RICS Knowledgebase
An overage clause is a legal provision in property transactions that requires the buyer to pay the seller an additional sum if the property's value increases due to specific events, such as obtaining planning permission. This clause ensures that the seller receives a share of any unexpected financial ...

Open Market Value (OMV)

Posted By Fiona Fogden 20-02-2026 14:54
Found In Library: RICS Knowledgebase
Open market value is not a defined basis within the current or pending Global Red Book Standards. It has been phased out as a globally defined concept and was not included from the 5 th edition of Red Book effective from May 2003. The IVS defined ‘market value’ is now predominate. Market value ...

Valuations of offices

Posted By Fiona Fogden 20-02-2026 14:44
Found In Library: RICS Knowledgebase
There is a section on isurv on this topic at https://www.isurv.com/info/145/offices Also check out RICS Journals for articles that might include examples, including this one which mentions the offices market where a push from investors, occupiers and from legislation are creating ...

Sharing a building survey or valuation report

Posted By Fiona Fogden 19-02-2026 13:48
Found In Library: RICS Knowledgebase
Generally (but not always) terms will state that the report is provided for the client’s use, and that the surveyor cannot accept responsibility if it is used, or relied upon, by anyone else. The terms may also go into more detail about how the report may or may not be shared. Unless prepared ...

Valuation notes

Posted By Fiona Fogden 10-02-2026 12:05
Found In Library: RICS Knowledgebase
VPS 4 of the Red Book Global Standards 2025 at 3.5 states 3.5 To maintain a proper audit trail and be in a position to respond effectively to a future enquiry, legible notes (which may include photographs or other images) of the findings and, particularly, the limits of inspection and ...

Valuations vs opinions for marketing purposes

Posted By Fiona Fogden 10-02-2026 11:57
Found In Library: RICS Knowledgebase
The RICS do not produce anything on other valuation standards because we expect all valuations to be done as per the Red Book. As per RICS Valuation – Global Standards (Red Book) 2025 PS 1 - 5.7: valuations are either compliant with Red Book Global Standards or not. Terms such ...

Valuation of new build homes

Posted By Fiona Fogden 09-02-2026 11:49
Found In Library: RICS Knowledgebase
If the asset is a new home RICS does have a professional standard related to this . The standard is from 2019 and therefore the valuer should consider it in light of any more recent (and overarching) Red Book Global principles and be aware that RICS is due to launch a new professional standard Residential ...

Valuation negligence or breach of duty

Posted By Fiona Fogden 09-02-2026 10:43
Found In Library: RICS Knowledgebase
There are a lot of materials on isurv on this matter which look at a range of case law. https://www.isurv.com/info/1367/negligence_in_valuations_and_surveys Most recently there was Bratt v Jones [2024] EWHC 631 (Ch) (22 March 2024) ‘i) For a valuer, like any other professional, ...

Client Money Protection Scheme

Posted By Fiona Fogden 21-01-2026 11:37
Found In Library: RICS Knowledgebase
All RICS regulated firms that hold client money must register to do so – information regarding this (including the scheme rules, the coverage, the fees and the different ‘tiers’ of the scheme) can be found here RICS Client Money Protection Scheme Only RICS Regulated firms can join the ...

Salary ranges

Posted By Fiona Fogden 19-01-2026 13:31
Found In Library: RICS Knowledgebase
Under competition laws the RICS cannot set or guide on salaries. The following resources may be of interest regarding typical salaries for a variety of roles 2025: https://ww3.rics.org/uk/en/modus/business-and-skills/better-business/macdonald-salary-survey-2025.html 2024: ht ...