Hunt, who sold his former company for £370 million at the peak of the property market in 2007, is returning to the residential sector with a new serviced apartments business, because he believes that the time is now right to secure cheap property deals.

He's Jon Hunt, and his former company is, of course, Foxtons. He believes property prices in London have bottomed out. He denies speculation that he might be about to buy back Foxtons.

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