Submitted on Tuesday 15th September 2020
Rejected on Wednesday 11th August 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Stop estate agents from overvaluing properties.
Estate agents are artificially inflating the property market by overvaluing properties. All valuations should be conducted by a chartered surveyor.
Estate agents are unregulated and unqualified to conduct such valuations and their work has wider implications on the property market.
Over estimating the value of properties compounds over time. When new buyers eventually come to sell they will need to continue overvaluing the property in order to make a profit. The lack of regulation in estate agents is just one cause of younger generations being priced out of the housing market.
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The Government e-Petitions Team gave the following reason:
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This is a matter for agents and for house buyers and sellers.
18.224.95.38 Sun, 05 May 2024 18:17:02 +0100
