Prince Harry and Meghan Markle might face a serious monetary setback as property costs of their unique Montecito neighborhood have dropped by a big 14.1% in comparison with final yr.
The Duke and Duchess of Sussex, who name the posh £11 million Chateau of Riven Rock house, could now see the worth of their mansion impacted by the steep decline in native actual property costs.
The drop, reported by actual property agency Redfin in October 2024, comes at a time when the couple’s high-profile funding is feeling the pinch of a cooling property market in California.
Despite the worrying drop in property values, Prince Harry and Meghan Markle haven’t any intentions of leaving their Montecito mansion.
In a earlier interview with The Cut, Meghan shared the emotional connection she feels with their house, saying, “We did the whole lot we might to get this home.
Because you stroll in and go… Joy. And exhale. And calm. It’s therapeutic. You be at liberty.”
The couple’s sprawling property, often called the Chateau of Riven Rock, consists of seven spacious bedrooms, providing greater than sufficient room for his or her younger household.
With its luxurious facilities, the house stays a sanctuary for the Sussexes, regardless of the shifting actual property market round them.
