‘Secret’ behind Prince Harry, Meghan Markle’s plan to invest in lavish Portugal property
Prince Harry and Meghan Markle have reportedly bought a new home in Portugal. While there has been no confirmation on the same, rumours have been doing the rounds about the motive behind their move. Is it some “power move,” or is there any secret behind their investment in new properties?
Harry and Markle already own a lavish £19.5 million ($2,51,94,973.64) mansion in Montecito, California, Mirror UK reported. But it seems they’re not stopping there. The Royal couple reportedly bought a lavish pad in Portugal – neighbours to Prince Harry’s cousin, Princess Eugenie.
If reports are to be believed, Prince Harry and Meghan Markle purchased a house at the 722-acre exclusive CostaTerra Golf and Ocean Club. Rumours are doing the rounds that Harry and Meghan have bought a home in the region of Alentejo, Portugal.
The ‘secret’
According to the Mirror UK, insiders claim that Prince Harry and Meghan Markle are diving into the real estate market with massive plans to build a hefty property portfolio.
Rumours have it that this is just their first step towards purchasing properties around the globe. Earlier, there was speculation that this could signal Harry’s gradual move back to Britain.
However, reports this weekend suggested that it’s more about investing “wisely” the millions from their Netflix deal.
It is now being claimed that the couple is now on a mission to be “smart” with the cash, having previously signed a $100 million, five-year agreement with the streaming giant.
“The Portugal property purchase is the couple beginning to be ‘smart’ with the cash,” an insider has told The Sun newspaper.
They might opt to let their Portugal mansion appreciate or rent it out as a swanky holiday spot. “They’re being smart with their money,” a source told the paper.
To become Portuguese citizens, options include five years of residency, descent from Portuguese nationals, or being wed to a citizen for three years. However, for Harry and Meghan, investing €500,000 in local business ventures could be their ticket in, the Mirror reported.
What’s the rumour?
Earlier, a royal insider suggested that the purchase was part of their efforts to “edge back” to the UK. “Their life in the US — there’s so many people that move away and move back, so I don’t think there’d be anything unusual about Harry and Meghan leaving the US for Europe. But maybe living in the States wasn’t what they thought it would be and that could be why they’re now supposedly edging their way back in the direction of the UK,” Grant Harrold told The Post.
Locals pelted stones at Spain’s royals and Prime Minister Pedro Sanchez on Sunday with mud. The protesters cried: “Murderers, murderers!”, “assassins”. The demonstration was held during the visit by Spanish King Felipe, Queen Letizia, and the Prime Minister to the Valencia suburb – which is among the areas highly affected by the deadly floods last week.
The extraordinary scenes unfolded on Sunday as they showed the depth of the anger in the country over the response to the nation’s worst such disaster in decades, with the toll ever rising and hopes for finding survivors ebbing five days on.
According to news agency AFP, King Felipe VI and Queen Letizia were hit in the face and clothes with mud as they tried to calm the angry crowd. The king and queen arrived just after midday at a crisis centre in Paiporta, ground zero for a disaster Sanchez called the second deadliest flood in Europe this century.
One protester shouted “you have arrived four days late”, BBC reported.
Security guards were soon called to stand between the royals and the rest of the delegation and the angry crowd, whose ire seemed most directed at Sanchez and Valencia region head Carlos Mazon.
