The Duke and Duchess of Sussex are said to have splashed out millions on a new property in Portugal, just a short distance from where Princess Eugenie and her husband Jack Brooksbank - and singer Peter Andre can completely understand their decision. The 51 year old owns a property in Cyprus, where he regularly enjoys family holidays, and revealed he often things of it as the perfect retirement spot. Peter - who is dad to Junior, Princess, Millie, Theo and Arabella - told OK! that he could potentially see himself settling down overseas: "I read that Harry and Meghan may have bought a house in Portugal.
"I'm sure it will be great for them to be near family, especially Harry’s cousin Princess Eugenie and her husband Jack Brooksbank, who live there. I have my house in Cyprus, so if my family and I wanted to move there, we could, or it’s an option for retiring. I’ll hand it down to my kids and hopefully they’ll pass it to theirs."
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Archewell Foundation via Getty Images)It was reported last month that Harry and Meghan invested millions in a new home in Portugal and the couple, who are parents to Archie, five, and Lilibet, three, have been residing in their Montecito, California mansion for years but are now said to be expanding their property portfolio with a significant investment. A source at the time told The Sun: "They’re being smart with their money." The newspaper revealed that the Sussexes' new overseas abode is "around the corner from Harry’s cousin Princess Eugenie and her husband".
However, it's also been reported that the pair "do not plan to live in their new pad". It remains unclear whether the property will be rented out, used for family holidays or is simply an investment. This purchase is seen as "the first step of putting earnings from their TV and book deals into a global property empire". Harry and Meghan have reportedly earned $97 million from Netflix for their six-part series about their family life and infamous ‘Megxit’ departure from the royals. Additionally, Harry received a $20 million advance for his autobiography Spare and inherited $10 million from the late Queen Mother after he turned 40 in September.
Despite this, there have been reports of concerns that the Sussexes are spending their money extravagantly on their US lifestyle, which includes private security in America and for Harry when he visits the UK. They're still shouldering a hefty mortgage on their $14.2 million Montecito mansion, bought post their UK Royal exit in 2020. The Sun reports sources claim the duo's Portugal property "will be part of a financial portfolio which will include more real estate".
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