Prince Harry and Meghan Markle are said to have splashed out millions on a new property in Portugal, just minutes away from where Princess Eugenie and her husband Jack Brookbank - and Peter Andre supports their decision.
The singer owns a property in Cyprus, where he often visits during family holidays and says it is the perfect retirement hotspot. Peter has said he could see him self settling down there when its time to retire: "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."
Last month it was reported that the Duke and Duchess of Sussex had purchased a million pound home in Portugal, expanding their property portfolio with a significant investment, as the couple currently reside in their California mansion after leaving the Firm in 2020, reports the Mirror.
A source 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".
It is unclear if the pair will be residing in their new Portugal home. and remains uncertain whether the couple will rent out the property, use it for family holidays, or just as an investment.
This purchase is seen as "the first step of putting earnings from their TV and book deals into a global property empire".
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It was reported that Harry and Meghan had earned $97 million from Netflix for their six-part series about their family life and the 'Megxit' departure from the Firm. As well as the prince receiving a $20 million advance for his autobiography Spare, he was given a huge sum from the late Queen Mother after he turned 40 in September.
Although, there have been multiple reports concerning the couple's spending habits whilst living in the US, including private security in America and for Harry when he visits the UK. They are also reported to have a hefty mortgage on their $14.2 million Montecito mansion, which they moved to after leaving behind their royal duties.
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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