JonPritchard commented Bidding wars break out as competition for first-time home buyers...

Bidding wars are breaking out on traditional homes across Nottinghamshire - as first time buyers face competition for the smaller homes.The cost of buying a house for first-time buyers has risen by almost 10 per cent in the last year, with houses flying off the market in a matter of days.And Vicky Taylor, estate agent at The Nottingham, said it could be due to a new force in the housing market."Elderly couples are draining their pensions to pay for homes which they then rent out," she...