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"owner-occupiers Aged 55 and Over Account for 56% of the UK's Total Equity"

Posted on the 14 July 2013 by Markwadsworth @Mark_Wadsworth

Older homeowners accused of muscling in on first-time buyers

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" 

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