Retirees hoping to enjoy the fruits of their labour in later life are facing a new problem – downsizing their home.
Once a guaranteed way to free up some spare cash, some pensioners are now finding it’s actually costing them to find a smaller space.
It comes as property sales are 9 per cent down on last year, according to Zoopla, and 30 per cent of homes that have been up for sale since April remain unsold without a price reduction.
Slow market activity has pushed people like Sandy Boden, 78, to accept a lower than expected price when selling up.
Sandy decided to sell her four-bed home following the passing of her husband, Bill.
