Prince Harry and Meghan Markle increase ‘property value’ in Montecito since moving there
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Prince Harry and Meghan Markle moved to Montecito, California after stepping down from their senior roles within the Royal Family. The Duke and Duchess of Sussex moved into a £10.6million mansion with their son, Archie Harrison. Royal commentator Mandie Decamp discussed the news that properties in the area have increased in value.
Speaking on Us Weekly’s Royally Us podcast, Ms Decamp said: “Rob Lowe lives in California near Meghan and Harry.
“He recently told E News that once the royals move into your neighbourhood the neighbourhood is never going to be the same, he’s referring to Montecito where they all live.
“The good news is property values go up. The bad news is the lines are longer at Starbucks.”
It comes amid news Meghan could follow in the footsteps of her Montecito neighbours and have a “big, fancy” birthday party for her 40th at the end of summer.
Meghan will turn 40 on August 4, just two months after she gave birth to her daughter Lilibet Diana.
Us Weekly correspondent Joe Drake discussed with royal commentator Molly Mulshine how the Duchess of Sussex will celebrate her milestone birthday.
Mr Drake noted that turning 40 is a “big deal” in America and Meghan “seems like the type” to have a big celebration.
He said: “I don’t know what the protocol is for the royals but in America for someone like Meghan Markle turning 40 is a big deal.
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“You have a big bash and now that they live here I can see them having a big, fancy Montecito ball for her 40th.
“And I see Prince William having a very low-key day.”
He added: “I feel like Meghan Markle seems like the type who would want a big celebration for her 40th.”
It comes as royal accounts revealed the Duke and Duchess of Sussex’s £2.4 million reimbursement of the taxpayer for renovating Frogmore Cottage also included more than 18 months’ rent.
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Critics had urged Harry and Meghan to pay back the millions spent refurbishing the property after they stepped down as working royals for financial and personal freedom and moved to the US early in 2020.
It was thought the substantial sum covered just the updating of the period home close to Windsor Castle, but the annual report on royal finances appears to indicate that it included rental costs as well.
Details of an investigation into claims of bullying made against Meghan were expected to be included in the report but were not, and the source said the cost of the ongoing independent inquiry by a law firm is being met privately.
It is likely that a senior member of the royal family is paying the bill, but it is unclear when or if the privately funded report will be published.
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