London property has attracted attention from all over the world of late given that values have fallen more rapidly than elsewhere. The list of bargain shoppers includes Libyan investors, Dubai telecoms-to-fashion conglomerates and now serial entrepreneur Sir Stelios Haji-Ioannou.

Sir Stelios

Cyprus-born Sir Stelios established the airline easyJet when he was 28, transporting budget-conscious Europeans around the continent on white and orange airplanes. Sir Stelios then went on to establish another 16 “easy” businesses such as easyHotel, easyCinema and easyOffice.

In a recent interview with the Financial Times newspaper, he said he was tempted to call the bottom of the London property market, though he doesn't own any commercial property of his own.

He said: “Suddenly you can buy a building in London for £3 million (€3.3 million; $4.4 million).” According to the report, he plans to set up a special purpose vehicle to invest in property such as empty offices and possibly convert them into properties for his hotel and serviced-office empire.