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Given that real estate values in their upscale Montecito area have fallen by a staggering 14.1% from the previous year, Prince Harry and Meghan Markle may be facing a serious financial setback.
The sharp drop in local real estate values may now have an effect on the value of the Duke and Duchess of Sussex's property, the opulent £11 million Chateau of Riven Rock.
The decline was revealed by real estate company Redfin in October 2024, just as the couple's well-known investment is being negatively impacted by a cooling California real estate market.
Prince Harry and Meghan Markle have no plans to leave their Montecito mansion, despite the concerning decline in property values.
"We did everything we could to get this house," Meghan said in an earlier interview with The Cut, expressing the emotional attachment she had to their home.
Because you enter and leave... Joy. And let out a breath. and serene. It's getting better. You're at liberty."
The Chateau of Riven Rock, the couple's expansive estate, has seven roomy bedrooms that are more than adequate for their small family.
Even though the surrounding real estate market is changing, the Sussexes still find solace in their home's opulent facilities.
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