Buy-to-let investors have shrugged off a slide in the value of rented houses with almost half of existing investors planning further purchases in the market. Financial Times

Nine out of 10 landlords have no intention of selling their properties, according to the fourth-quarter survey of the Association of Residential Letting Agents. Four out of 10 expect to invest further in the private rented sector this year.

ARLA said the findings were the first to show that confidence in the buy-to-let market had stood up to problems caused by the credit crisis.

The average value of rented houses fell by 1.3% over the quarter, according to ARLA, with falls of 5.2% in the south east and 4.5% in the rest of the UK being offset in part by a 2.9% appreciation in central London.