A study by BOXIE24 indicates homeowners in Poole could release an average of £385,622 by downsizing to a smaller property, the highest in the UK. Gerrit Jan Reinders, CEO of BOXIE24, suggests this financial boost can ensure retirement security or help children purchase homes. However, the emotional burden of decluttering is often a barrier to downsizing. He recommends easing the process by gifting valuable items and using secure off-site storage for cherished belongings. Additionally, Bournemouth homeowners can unlock around £288,952 by moving to smaller homes, ranking fifth in the UK for downsizing savings.
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