Jon Hunt, the Foxtons estate agency founder who picked the top of the housing boom in 2007, has said he believes the 18-month property slump is coming to a close.
Hunt said he was starting to see buying opportunities in some areas again.
”Housing I think is probably there,” he said of the London market, which he believes has already dropped 20%-25% and is unlikely to go down any further.
Hunt is still sitting on more than £300m from the sale of the Foxtons chain, which he sold to the BC Partners private equity group.
Financial Times 01/08/09 page 1, The Times 01/08/09 page 50
