Survey: Majority of investors holding on to properties

Owners of buy-to-let properties are unwilling to sell for anything less than what they paid for them, according to research.

A survey carried out by Trinity Professor Brian Lucey, mortgage expert Karl Deeter, and Marie Hunt of estate agents CBRE, found the vast majority of investors are holding on to their properties as their rent rolls are covering the mortgages.

The survey of almost 500 buy-to-let mortgage holders painted a picture of the typical investor as a man aged between 35 and 65 who invested in up to three properties close to where he lives. It found most of the investors were realistic about the drop in values that their homes had taken including: