It's a rumour, but a published one, that Foxtons founder Jon Hunt - who proved he had a gift for timing when he sold the estate agency chain on the very eve of a property market crash - recently turned down an offer on his Kensington Palace Gardens property from neighbour Lakshmi Mittal. The value of the offer? £300m. Reason for the negative response? No point in selling at the bottom of the market. And we've no reason to doubt his wisdom.

Foxtons founder in record car sale [February 9, 2012]

Technorati Tags: property, real estate