King Charles III, 73, is set to become the oldest crowned monarch on Saturday when his coronation is held in central London and ahead of that His Majesty has some more wonderful news.
The latest research by estate agent comparison site, GetAgent.co.uk, has revealed that the royal family has seen the value of 10 of their most famous residences increase by a whopping £125million in the last year alone.
The King's Scottish home, Balmoral Castle is the one with the highest annual increase and it is now worth 18% more than it was!
Unsurprisingly, the iconic Buckingham Palace building is the highest valued property, with an estimated value of £3.9billion.
Other increases include Sandringham House in Norfolk going up by 8% in the last year alone, while Holyroodhouse has climbed by 6% since this time last year.
Co-founder and CEO of GetAgent.co.uk, Colby Short, explains that although the royal portfolio is in growth, the tumultuous market means that it could not always be the case.
He said: “Much like the regular market, the royals are susceptible to the fragmented nature of the UK property market and so while the hotter market conditions in Scotland have seen Balmoral steam ahead where annual price growth is concerned, the slower market of central London has seen the likes of Buckingham Palace, Clarence House and St James’s Palace creep up by just 0.3% in the last year."
The jury is still out on if and when the monarch will move into Buckingham Palace as at the moment he lives at Clarence House, a short distance away from the main palace.
© Getty ImagesLOOK: King Charles shares a tour of Highgrove Gardens
His current home holds many memories for Charles as the Grade I listed building was, in fact, home to the Queen Mother for 50 years, until she passed away in 2002.
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The renovation works taking place at the palace at the moment may be the reason his relocation has been delayed. After all, who wants to move into a new home with the builders there making a racket?
See picture of King Charles at home
© Getty Images
© Photo: Getty Images
© Photo: Getty Images
