Prince Harry and Meghan Markle's Bold Leap into Real Estate

Prince Harry and Meghan Markle are reportedly making a bold leap into the real estate market, aiming to create an impressive portfolio. Insiders reveal that the couple has recently purchased a luxurious property in Portugal, conveniently located near Princess Eugenie, Harry's cousin, along the picturesque western coast of the country.

Global Property Ambitions

This acquisition appears to be just the beginning of their global property ambitions. While some speculate that this move might indicate a potential return to the UK for Harry, recent reports suggest that their main focus is on making savvy investments with the substantial earnings from their lucrative Netflix deal.

Financial Strategy with Netflix Earnings

Having secured an astonishing $100 million deal with the streaming giant over five years, Harry and Meghan seem determined to be strategic with their finances. The purchase in Portugal is seen as a first step toward investing their wealth wisely. According to sources, the couple is considering two primary options: either allowing the property to appreciate in value or potentially renting it out as a chic vacation rental. "They’re being smart with their money," a source told The Sun.

Significant Security Expenses

The couple's security expenses have been significant, as they reportedly require round-the-clock protection while in the United States. As they plan their financial future, it appears they are set to invest even more in real estate over the coming years.

Their Current Mansion in California

Currently, they own a sprawling mansion in Montecito, California, valued at over £19.5 million, which features seven bedrooms and 13 bathrooms, not to mention a chicken coop. However, their eye is now on a lavish new home on Portugal's sun-kissed coast.

The Lavish New Property

With a jaw-dropping £6.5 million price tag, this property could also grant them a "Golden Visa," facilitating easy travel throughout the EU's Schengen zone. To gain Portuguese citizenship, prospective homeowners have several avenues, including five years of residency or investing in local business ventures.

Potential Investment in CostaTerra Golf and Ocean Club

A lucrative option for Harry and Meghan might be the CostaTerra Golf and Ocean Club, where they are reportedly considering a purchase. This high-end development is part of millionaire Mike Meldman's portfolio, known for its extravagant residential communities. Meldman, who co-founded Casamigos tequila alongside George Clooney, has strong ties to Princess Eugenie's husband, Jack, who is involved in marketing and sales for Meldman's company.

CostaTerra Development Details

The CostaTerra project, which has been under development since 2019, is expected to feature 300 opulent homes, starting at £3.6 million. For Meghan, as a U.S. citizen, owning property at this resort could unlock valuable visa options.

Navigating Global Citizenship and Residency

Adding another twist to their story, Meghan originally intended to apply for British citizenship after marrying Harry in 2017. However, she abandoned that plan when they moved out of the UK in March 2020. Now, with their sights set on properties overseas, it's clear that the couple is not only investing in real estate but also navigating the complexities of global citizenship and residency. Will they become the next power players in the international property market? Only time will tell!