Property pair are set for a bargains strike - Business News - Business - Evening Standard
       

Property pair are set for a bargains strike

Property veterans Ray Mould and Patrick Vaughan were readying an £800 million war chest today as the pair predicted a year of bargains for the fleet-footed investor with the cash to move fast.

London & Stamford, Mould and Vaughan's third venture after founding Arlington in the Seventies and Pillar Properties in the Nineties, reckons the outlook for property remains uncertain in a "stagnant" economy. With banks unlikely to be able to meet anticipated demand for loan refinancings from overborrowed investors this year, forced sales look likely.

The firm said: "We strongly believe that there will be significant opportunities in 2012 for those investors with cash and access to debt with the ability to move quickly."

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