adplus-dvertising
Connect with us

Real eState

Which royals moved house after the Queen’s death? And who owns their real estate portfolio?

Published

 on

Since the death of Queen Elizabeth II, the topic of royal homes and who lives where has become a potent one.

In the past few years, UK newspaper reports from sources purporting to be very close to the office of the then Prince of Wales suggested that a whole new approach to royal real estate was being planned by the heir apparent.

The idea was that when he came to the throne, King Charles would open up the private grandeur of historic royal homes to the public, creating people’s palaces for all to enjoy for extended periods throughout the year.

Prince Charles, Prince Willian, Catherine, Queen Elizabeth and Prince Harry on the Buckingham Palace balcony.
The royal family at Buckingham Palace in 2015. King Charles is expected to make the palace his London home. (Reuters: Stefan Wermuth)

It’s early days, of course, and those plans are unlikely to be implemented before the coronation in May, but there’s certainly a plethora of options to consider with Sandringham House, Windsor Castle and Balmoral Castle — all places the late Queen spent a good deal of private time — ripe for conversion.

300x250x1

While we wait for announcements of a possible democratisation of regal property, here is a glance at the House of Windsor real estate portfolio and the current owners and tenants.

Buckingham Palace, London

A procession with a coffin passes Buckingham Palace.
Buckingham Palace is the focal point of the British monarchy. (Reuters: Carl Court/Pool)

The 775-room palace with 40 acres of gardens, five floors and an indoor swimming pool has been the British sovereign’s official royal residence since 1837 — but King Charles and Camilla, the Queen Consort, have yet to move in.

The palace is currently halfway through a 10-year multimillion-dollar renovation and restoration project, so it makes sense for Charles and Camilla to stay put at nearby Clarence House and hop over to the palace for work engagements and meetings. Certainly, Clarence House is much cosier.

To date, the official word is that the King still plans to make Buckingham Palace his London home, and in the meantime, it is still very much the focal point for the monarchy — for coronation celebrations, for the Trooping the Colour on June 17 and for state visits, important events and banquets.

It’s also HQ for all administrative matters and currently a very busy hub of activity.

The palace is actually part of the Crown Estate, a company that belongs to the reigning monarch “in right of the Crown”, so essentially the property comes with the job. It is managed by the independent Crown Estate company — as is the case for many of the royal homes.

Clarence House, London

The exterior of a stone building.
King Charles and Queen Consort Camilla currently occupy Clarence House.(Flickr: The British Monarchy)

A stone’s thrown down The Mall from Buckingham Palace, Clarence House sits beside the ancient St James Palace and is where Charles and Camilla reside when in London.

Many royals have lived in this elegant, John Nash-designed townhouse, including Princes William and Harry, the late Queen Mother and before that Princess Elizabeth and the Duke of Edinburgh in the early days of their marriage.

Engagements are regularly held in the downstairs drawing rooms and in the walled gardens.

This is another Crown Estate property and there has been talk of Prince George possibly becoming a future resident when his time comes.

Kensington Palace, London

The exterior of the Kensington Palace grounds.
There are up to 50 residents of Kensington Palace at any one time.(ABC News: Kathleen Dyett)

Royals have been living at Kensington Palace in the heart of London’s Hyde Park since the 17th century and the current occupants include the Prince and Princess of Wales, William and Catherine, and their family (when in London), the Duke and Duchess of Gloucester, the Duke and Duchess of Kent, and Prince and Princess Michael of Kent.

Non-royals also live here — including members of the military, courtiers and staff — with residents totalling around 50 at any given time.

The accommodation is also run by the Crown Estate run and divided into “apartments” and cottages, with William and Catherine residing in the most palatial — apartment 1A, previously home to the late Princess Margaret (Elizabeth II’s sister) — with four storeys and 20 rooms.

There are also several cottages and small houses in the palace grounds, including Nottingham Cottage. Watchers of the Harry & Meghan Netflix docuseries will recall the couple complaining about the pokiness of the two-bed, two-bathroom house which was their starter home leading up to and after their wedding.

According to a UK newspaper report, Princess Eugenie and her family recently moved into the cottage but this has not been confirmed.

Kensington Palace also has state rooms open to the public and currently houses the administrative staff for the Prince and Princess of Wales.

Sandringham House, Norfolk

An image of a large manor house
The royal family gathers at Sandringham House for Christmas.(Facebook: Sandringham 1870)

The 20,000-acre Sandringham Estate is privately owned by the royal family and has now passed to King Charles III. Sandringham House is where the family famously gathers for Christmas and for shooting parties.

While the late Queen and Duke of Edinburgh stayed here from Christmas until mid-February, after hosting the family yuletide gathering, King Charles and Camilla are spending New Year in Scotland.

Anmer Hall, Norfolk

The exterior of a cottage looking building.
Anmer Hall in Norfolk was a wedding gift to William and Catherine.(Wikipedia: Richard Humphrey)

The 10-bedroom Georgian house on the Sandringham Estate was a wedding gift to William and Catherine and the place they most like to spend time as a family.

While the family has now moved to Windsor, they have retained Anmer for a country holiday bolthole.

Windsor Castle, Windsor

On a clear day, you view Grenadier Guards march in two rows down a path in front of Windsor Castle's round tower.
Windsor Castle has been a royal residence for more than 900 years.(AP: Leon Neal)

The late Queen Elizabeth II spent weekends and Easter at Windsor Castle and the Duke of Edinburgh died there on April 9, 2021.

But so far King Charles has shown no intention to move in. It’s the largest occupied castle in the world with around 1,000 rooms and has been a royal residence for more than 900 years.

Frogmore Cottage, Windsor

White cottage with chimneys seen through trees
Frogmore Cottage remains Harry and Meghan’s UK home. (AP: Steve Parsons)

Prince Harry and Meghan were given Frogmore Cottage by the late Queen and moved there in 2019, following a significant renovation that converted what were previously five separate apartments into one home.

When they moved to California the couple decided to pay for the lease themselves as well as refund the property’s renovation costs so they could retain the cottage as their UK home. They stayed here during the Platinum Jubilee celebrations.

Adelaide Cottage, Windsor

The Prince and Princess of Wales and their three children moved into the four-bedroom Adelaide Cottage on the Windsor Estate in 2022 so they could be near the children’s new school.

Since the Queen’s death, there have been unconfirmed reports that the family may now move to the larger Frogmore House, also on the Windsor Estate.

This 17th-century mansion is where Harry and Meghan held their wedding reception.

Royal Lodge, Windsor

Prince Andrew and his ex-wife Sarah Ferguson live in the Royal Lodge, a sumptuous 30-room home with an indoor swimming pool on the Windsor Estate — just five miles from Windsor Castle itself.

Andrew paid for the renovations and renewed the 75-year lease on the property with the Crown Estate in 2003. The late Queen’s remaining corgis, Muick and Sandy, are the latest residents to join the Duke and Duchess of York at the residence.

Highgrove House, Gloucestershire

Camilla stands with a line of men in uniform outside an ornate house covered in vines and plants.
The gardens surrounding Highgrove House are often open to the public.(Reuters: Geoff Pugh/Pool)

King Charles and the Duchy of Cornwall purchased Highgrove in 1980 and since Prince William has now inherited the Duchy of Cornwall, in theory, he is now his father’s landlord.

The house and stunning organic gardens and farm are very much Charles’s pride and joy, created by him as a place for rest and recuperation in the heart of the Gloucestershire countryside, close to his sister’s family who live on the Gatcombe Estate.

So far, the King has shown no inclination to move from the family home he has created but he is happy to share the gardens with the public. They are open on selected dates from April to October with tickets booked out months in advance.

Gatcombe Park, Gloucestershire

People sit on a grassy hill in front of an old stone house.
Princess Anne currently lives at Gatcombe House with her second husband.(Wikimedia: Geography.org.uk)

This 700-acre estate, including a grand 18th-century family home and a working farm, was a wedding gift from the late Queen to her only daughter Princess Anne when she married her first husband Captain Mark Phillips. It is where their children, Zara and Peter, were raised.

Princess Anne currently lives here with her second husband, Sir Tim Laurence, while her children’s families also live on the estate in separate properties.

Bagshot Park, Surrey

This Crown Estate property, a short drive from Windsor, is the home of Prince Edward, his wife Sophie and their two children, Lady Louise and James Viscount Severn.

The massive 120-room mansion house is set on 51 acres which include stables.

Balmoral Castle, Aberdeenshire, Scotland

Balmoral Castle in Scotland.
Queen Elizabeth died at Balmoral Castle in Scotland.(Flickr: neil1877)

The late Queen spent her summers on the private Balmoral Estate, and it was here that she felt most free, away from the glare of public duty. It was also here that she died on September 8.

The castle was purchased by Prince Albert as a private retreat for his wife Queen Victoria and is now owned by King Charles. It is not yet known if the King will move into the castle or remain in Birkhall, his much cosier home on the Balmoral Estate.

Llwynywermod, Camarthenshire, Wales

This modest farmhouse, near Llandovery, was purchased in 2007 by the Duchy of Cornwall to provide a base in Wales for the then Prince of Wales.

The three-bedroom home was refurbished using local materials and the skills of Welsh craftspeople. Charles and Camilla would stay at the house during their annual tour of Wales and when in the area on other official visits.

It is likely the property will now pass to the new Prince of Wales, William.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Real eState

Vancouver duplex owners deny scuttling $1.8-million real estate sale – Vancouver Sun

Published

 on


Maria and Panagiotis Pappas, who own a home at 3257 West 2nd Avenue, filed a lawsuit against their neighbours, Jordan Mark Bower and Maureen Culver Elworthy.

300x250x1

Article content

The owners of one half of a Vancouver duplex who are being sued by the owners of the other half of the property deny a claim that they scuttled a $1.8-million real estate sale following a “toxic” dispute over common property.

Advertisement 2

Article content

Late last year, Maria and Panagiotis Pappas, who own a home at 3257 West 2nd Ave., filed a lawsuit against their neighbours, Jordan Mark Bower and Maureen Culver Elworthy, who own 3255 West 2nd Ave., the other half of the duplex.

Article content

The plaintiffs said that they had been living with their neighbours for more than a year with no discussion of legal or property issues until January 2021.

A dispute arose when Bower and Elworthy proposed what the plaintiffs are calling a “complete” redrawing of all common property space on the ground-floor outdoor areas of the home.

The plaintiffs say they consider the proposals to be completely one-sided and beneficial to the defendants.

As a result, say the plaintiffs, they offered to simply sell their property and move to allow Bower and Elworthy to negotiate with new owners as to any changes of common property.

Advertisement 3

Article content

They say that after putting their home up for sale, they received an offer on Oct. 8 for $1.85 million.

The offer was partly contingent on the buyers receiving confirmation from the defendants that a civil resolution tribunal case that had been filed against the plaintiffs would be, or already was, discontinued, says the plaintiff’s lawsuit.

The plaintiffs alleged that Bower and Elworthy displayed a “confrontational” attitude with the buyers, and as a result, the sale collapsed.

But in a response to the lawsuit, the defendants say that the proceedings concern what they consider to be the plaintiffs’ unauthorized use of common property in violation of the bylaws of the strata corporation.

The two properties are collectively a strata corporation, although the corporation has never complied with strata laws and there have never been annual general meetings. There is no budget or council meetings, according to the plaintiffs’ lawsuit.

Advertisement 4

Article content

Bower and Elworthy say in their response that the first discussion of property issues occurred in April 2019 when they tried to perform a home inspection.

They say they attempted to negotiate with the plaintiffs to find an amicable solution to the issues, but were ultimately unsuccessful and as a result commenced proceedings in the civil resolution tribunal.

Bower and Elworthy deny that the plaintiffs were selling their home in a bid to get away from them and were instead selling it for financial reasons.

They deny that they were unreasonable or confrontational with the prospective buyer, or that they caused the offer to be withdrawn or the contract to collapse.

“At no time did the defendants seek to scuttle the contract. At all material times, the defendants negotiated in good faith with the prospective buyer and had only communicated with the prospective buyer because the plaintiffs (through their realtor) requested them to.”

Advertisement 5

Article content

The defendants say it was their desire that the contract between the prospective buyer and the plaintiffs be completed.

“In furtherance of that desire, the defendants spent many hours communicating with the prospective buyer and obtained legal advice to assist with reaching a solution so that the bylaw violation could be addressed and the (civil tribunal) claim withdrawn.”

kfraser@postmedia.com


More news, fewer ads: Our in-depth journalism is possible thanks to the support of our subscribers. For just $3.50 per week, you can get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. Support us by subscribing today: The Vancouver Sun | The Province.

Advertisement 1

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Real eState

Ottawa Valley real estate ends on a high in a dismal year – Ottawa.CityNews.ca

Published

 on


The 2022 real estate year in the Ottawa Valley ended with a little bump in what can best be described as a year to forget if you are a realtor or an individual searching for that perfect home at a reasonably affordable price. 

The number of homes sold through the MLS® System of the Renfrew County Real Estate Board totalled 83 units in December 2022. This was a substantial decline of 21 percent from December 2021 but still came in around average levels for this time of year.  

The year started off slow and never really gained any momentum during the 12 months, a trend that the rest of Canada was mired in for the first eight months of the year.  

300x250x1

In its final report of the year, the Canadian Real Estate Association (CREA) reported the national slower than usual real estate sales in the first half of the year was caused by a number of factors.  

“In 2022, we saw one of the biggest single-year shifts on record in Canadian housing activity, from record highs last winter to just below the 10-year average to end the year,” said Jill Oudil, chair of CREA. “That said, the market’s adjustment to higher rates may be mostly in the rear-view mirror at this point. That could start to bring buyers back off the sidelines this spring.   

Leading the way for the slump in sales was the uncertainty of the Canadian mortgage rates and the pattern of following the American bank rate that was drastically increased over the latter part of the year.  

The Federal Reserve waged a war on inflation throughout 2022 and as a result the interest rate set by the Fed increased by a whopping 4.25 per cent during the 12 months. The high rate of inflation, the war in Ukraine, shortages of materials in the global supply chain all contributed to the massive increases. 

In Canada, the Bank of Canada often followed suit. In October the cost of borrowing to purchase a home was determined by the national rate which sat at 1.75 percent. By December 2022, it was 4.25 per cent.   

In Renfrew County, home sales were eight percent below the five-year average and six percent above the 10-year average for the month of December. On an annual basis home sales totalled 1,652 units over the course of 2022. This was a significant decrease of 25.9 percent from the same period in 2021. 

The average price of homes sold in December 2022 was $402,804, down sharply by 10.1 per cent from December 2021. 

The more comprehensive annual average price was $465,948, an increase of 14.2 per cent from all of 2021. 

The dollar value of all home sales in December 2022 was $33.4 million, a big reduction of 28.9% from the same month in 2021. 

The number of new listings increased by 8.2 per cent (five listings) from December 2021. There were 66 new residential listings in December 2022. 

New listings were 9.1 per cent below the five-year average and 21.7 per cent below the 10-year average for the month of December. 

Active residential listings numbered 226 units on the market at the end of December, more than double the levels from a year earlier, surging 113.2 per cent from the end of December 2021. 

Active listings were 20.3 per cent below the five-year average and 55.5 per cent below the 10-year average for the month of December. 

Months of inventory numbered 2.7 at the end of December 2022, up from the one month recorded at the end of December 2021 and below the long-run average of 7.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Real eState

8Twelve Enters into Mortgage Solution Agreement with Your Home Sold Guaranteed Realty – Financial Post

Published

 on


Article content

TORONTO, Jan. 30, 2023 (GLOBE NEWSWIRE) — 8Twelve Financial Technologies Inc. (“8Twelve” or the “Company”) is pleased to announce that it has entered into an agreement to provide mortgage solutions to Your Home Sold Guaranteed Realty (“YHSGR”), its agents and their clients.

8Twelve’s proprietary INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products.

Advertisement 2

Article content

Article content

At Your Home Sold Guaranteed Realty, we invest in our agents more than any brokerage you will find,” said Todd Walters, CEO and Co-Founder. “Partnering with 8Twelve fits our model perfectly because we consistently equip our agents with differentiating tools that help them to build their business and dominate in the industry. This partnership ensures that YHSRG realtors have the best tool to secure financing for their deals.”

YHSGR is the only real estate brokerage in North America to be licensed by the US and Canada’s #1 real estate Coach Craig Proctor. The distinction brings with it exclusive access to Craig Proctor’s proprietary business teachings and systems for YHSGR agents; systems that have been proven to create more millionaire agents than any other real estate trainer or coach.

Advertisement 3

Article content

“With rising interest rates and tighter lending requirements, Canadians now more than ever need to know all their home financing options,” said Akber Abbas, President & Chief Information Officer of 8Twelve.  “This agreement highlights the strength of our service offering in enabling large scale enterprises to deliver the best financing solutions to their clients.”

8Twelve is seeing increased interest and user success in its offering as companies are exploring more ways to help their clients.  8Twelve’s secure, smart technology is able to provide fast turnarounds and exceptional service levels to homebuyers as it strives to provide a mortgage solution for every borrower situation.

About Your Home Sold Guaranteed Realty
Your Home Sold Guaranteed Realty was founded with this vision: To Be the Best Place to Work, Buy, and Sell Real Estate! We are proud to be one of the fastest-growing real estate companies nationwide. If you’re looking to buy or sell a home, Your Home Sold Guaranteed Realty is there for you every step of the way. You can count on knowledgeable agents with PERFORMANCE GUARANTEES that are ready to handle every situation, giving you the peace of mind that you made the perfect choice in a Real Estate Agent and Company!

Advertisement 4

Article content

About 8Twelve Financial Technologies
8Twelve is transforming the home financing experience by providing consumers with one convenient platform to solve all their mortgage needs. Gone are the days of needing to search for a mortgage through multiple providers such as banks, mortgage brokers, and private lenders. Borrowers can now access Canada’s largest selection of mortgages in one convenient marketplace. 8Twelve’s proprietary cloud platform INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible financing solution in the Canadian market (from over 65 lenders and over 7000 mortgage products).

Follow 8Twelve on:
FacebookTwitterLinkedin

Contact:
Rick McLaughlin
Email: rick@8twelve.mortgage 

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Trending