Prince Harry and Meghan Markle Eye Golden Visa with New Portuguese Property
Prince Harry and Meghan Markle are reportedly on track to acquire a ‘Golden Visa’ following their recent investment in property in Portugal. The couple enjoyed a romantic getaway in southern Portugal, which seems to have turned into a real estate opportun
Prince HarryMeghan MarkleGolden VisaCostaterra Golf And Ocean ClubPortugalReal EstateOct 18, 2024
Interestingly, Harry’s cousin, Princess Eugenie, and her husband, Jack Brooksbank, also own property within the exclusive CostaTerra Golf and Ocean Club, where the Sussexes are rumored to have purchased their new home. Charles Rae, a former royal correspondent, suggested that the couple may have sought assistance from Brooksbank, who is involved in marketing for the CostaTerra development. Rae remarked, “Surprise, surprise that they’re using their relatives who’ve got it… it’s only natural to think that Harry and Meghan are going to be neighbors to the couple.”
When asked if Harry and Meghan could have received a discount on the property, Rae commented, “I’m sure they got a good deal, far better than you or I would ever get.”
Owning property in Portugal would allow the Sussexes to secure the coveted Golden Visa, providing access to the Schengen area of the European Union. This visa facilitates easier travel across Europe, a significant benefit for the couple.
Rae noted that this acquisition might be particularly important for Meghan, as Harry still retains his British citizenship. He added, “I don’t think that’s why they’re doing it, to be perfectly honest.” On Meghan’s potential return to the UK, Rae stated, “I’m still of the view that Meghan’s never going to set foot in this country ever again. And honestly, I say hoorah, fantastic.”
In contrast, Harry frequently returns to the UK due to various charitable commitments and legal matters. Rae concluded, “There’s nothing preventing him from coming back, whether or not he’s got a place in Portugal.”
Frequently Asked Questions
What is the ‘Golden Visa’ and why is it important?
The ‘Golden Visa’ is a residency permit offered by Portugal to non-EU citizens who invest in the country. It provides access to the Schengen area of the European Union, facilitating easier travel across Europe. This can be particularly beneficial for individuals like Prince Harry and Meghan Markle who often travel for various commitments.
Where is the new property located?
The new property is rumored to be located in the exclusive CostaTerra Golf and Ocean Club in southern Portugal.
Are there any family ties involved in this real estate deal?
Yes, Harry’s cousin, Princess Eugenie, and her husband, Jack Brooksbank, also own property in the CostaTerra Golf and Ocean Club. Jack Brooksbank is involved in marketing for the development, which might have influenced the Sussexes' decision.
What are the benefits of owning property in Portugal for the Sussexes?
Owning property in Portugal allows the Sussexes to secure the Golden Visa, which provides access to the Schengen area and facilitates easier travel across Europe. It also offers a potential base for Meghan, who may not frequently visit the UK.
What are Harry’s ties to the UK?
Prince Harry frequently returns to the UK due to various charitable commitments and legal matters. Despite this, his citizenship remains British, and he can return to the UK at any time, regardless of his property in Portugal.
Related News Articles
Realty Sector Boom: How NRI Investments and Rising Disposable Income are Driving Growth
Get insights on the growing demand for luxury housing, NRI investments, and emerging hotspots in India's realty sector.
Sustainable Luxury Homes: The New Investing Haven for Millennials and Gen Z
Luxury housing demand is on the rise, driven by the increasing awareness of environmental issues and the demand for eco-friendly living solutions. Millennials and Gen Z are flocking to invest in luxury residences that embody sustainable housing traits.
Government Announces LTCG Tax Relief for Real Estate Transactions
Finance Minister Nirmala Sitharaman introduces significant tax reforms in the Union Budget 2024, including a reduced LTCG tax rate for real estate transactions.
The Bright Future of Coimbatore's Real Estate Market
The real estate sector in Coimbatore is experiencing a robust growth trajectory, closely aligning with the city's industrial advancements. According to Rajesh B Lund, partner at Srivari Property Developers, the city's rapid industrialization is a key driv
Mumbai Ranks 7th on Prime Global Cities Index Q4 2024, Knight Frank Report Reveals
Knight Frank, a leading international property consultancy, has released its 'Prime Global Cities Index Q4 2024' report, which highlights Mumbai's impressive position at 7th place among the world's prime cities.
Trump World Centre Pune: A Premier Destination for Premium Office Space
The Trump Organization is making a significant entry into India's commercial real estate market with the launch of Trump World Centre in Pune, boasting two commercial towers spanning 1.6 million square feet of premium office space.