First-time buyers lose out as cash-rich retirees downsize and snap up smaller homes outright
"If they choose to downsize, this group are popular with sellers and
estate agents alike as they are often cash buyers or only need small mortgages".
"It's easy to see why first-time buyers might be aggrieved by this news
as they are competing with rising numbers of cash-rich buyers who aren't
struggling on tight budgets"