The findings are really interesting and show a few aspects of our market that may not have been widely known such as:
1. The ‘average’ property investor is no tycoon, rather they own 3 properties or less, taken in practice this could be a person who bought a house then moved into a second one when they got married or such.
2. The ‘fallout’ has been extreme, a huge majority have faced losses of greater than 50%.
3. The younger and older are feeling the pain, most of the investors were between age 35 & 65 when they bought, this is slightly older than the commonly perceived ‘negative equity generation’. And the ones who lost jobs (often younger) have shot …