Prince William and Kate Middleton, the Prince and Princess of Wales are ready to move into their new home in Windsor Great Park with their children Prince George, Princess Charlotte and Prince William.
The future king and Queen have chosen Forest Lodge, an eight-bedroom Georgian mansion worth the estimated £ 16 million, as their “Forever Home” now.
Propertly has reportedly been in royal possession since 1829 and was last listed for rent for £ 15,000 per year. Month in 2001.
Now told real estate expert Russell Quirk told Manchester Evening News That the rent has doubled in the last two decades, with William and Kate likely to pay about £ 30,000 per year. Month to Crown Estate.
As cited by MirrorRussell said, “In the last 20 years, these things vary region to region, city to city, but it is sufficient to say that Windsor has become increasingly popular, especially with overseas tenants.”
He continued to add, “what has happened in recent years in the previous government, and this one is that the stamp tax regime has come more and more punishment, and the consequence is now that many people rent instead of buying because they do not want to pay on such a property – says a £ 1 million on stamp duty.”
“So the rental market in terms of demand is very very strong. As a consequence of this, this property is likely to double in terms of its rent, so £ 15,000 a month back in 2001 is probably £ 30,000 a month, about £ 7,000 a week. It is not essential – lots and lots of demand,” Russell noted.
This decision by Prince William and Kate Middleton marks as a step away from Buckingham Palace, where future kings have traditionally lived.
