Story of the weekend... according to the Observer Foxtons owners BC Partners have been told by creditors to inject £50m into the firm or risk seeing the firm go into administration. It's been clear for some time that Foxtons wasn't going to meet its debt obligations, but - as far as we know - this is the first time anybody's called bust.

Meanwhile, suggestions here that Jon Hunt - who flogged the firm just before the market went tits up - is looking at piling back into property... commercial this time. Every experienced or senior estate agent I've discussed the Foxtons sale with has described Hunt's timing as lucky rather than skillful. But if you believe otherwise, watch commercial closely.

Technorati Tags: estate agents, Foxton's, Foxtons, real estate agents