Estate agents admit to overpricing

So now we know. The FT quotes Peter Bolton King of the National Association of Estate Agents as revealing that

• “Aspirational pricing” by estate agents had contributed to the stalling of the market last year
• Some estate agents persistently overpriced over the past year.
• They did this solely to get instructions from homeowners

Bloody estate agents. No wonder no one can afford to buy houses any more. That and the buy-to-let and mouseholing crowd.