From The Times’ business pages comes news that one of the country’s biggest floggers of expensive housing, Savills, is using figures for rising luxury car sales to support a view that house values in “the capital’s top neighbourhoods” are getting rapidly stronger.

Seems recent house purchasers are so confident that prices will keep climbing they’re happy to spend the rest of their wad on the Porsche or Range Rover they’ve always wanted, calculating (in a comforting but essentially erroneous way) that future rises will cover their outlay.

Estate agents believe publicising this rosy view of the world will encourage others to sell, thus reducing the market’s one remaining problem, a shortage of houses for sale. Naturally, this will tuck a few more quid in the estate agent’s back pocket.