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How to get a bigger home in an unforgiving market

The odds have been stacked against anyone looking to buy a bigger home. Not only have larger properties increased in value much more than smaller homes since the Covid pandemic, but higher mortgage rates have made it significantly more expensive to bridge the value gap through borrowing.

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Evelyn Waugh s home for sale in Somerset, with over 22,000 sq ft, stunning views and a party barn

Evelyn Waugh s home for sale in Somerset, with over 22,000 sq ft, stunning views and a party barn
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Bruton, the new Notting Hill , is most searched-for destination among prospective home buyers

Bruton, the new Notting Hill , is most searched-for destination among prospective home buyers Searches in the central Somerset location leapt by 72 per cent this year, according to data from Rightmove 23 December 2020 • 6:00am The former Chancellor George Osborne was reported to have bought a £1.6 million home in the town of Bruton Credit: Telegraph It really began when an art gallery with branches in New York, Hong Kong and London renovated a 17th-century Somerset farmhouse as a showcase for paintings and sculptures for the in-crowd. The nearby town of Bruton was already beginning to draw artists, musicians and designers as a weekend retreat when Hauser & Wirth opened the showroom, along with holiday rentals and an artists residence at Durslade Farmhouse, in 2014.

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