Piers Wehner is joined by Pui-Guan Man and Tim Burke for this week's trawl though the news.

CREFC has reported that prices are being "chipped" by 20 to 40%. The big agents are suffering from a $400m drop in earnings from capital markets. And everyone is "hacked off" with the abrupt demise of investment zones.

Plus, a quiz that asks all the important questions: who is the owner of property's fishiest feet, and why is Landsec's Cardinal Place suddenly sweaty?