Prince Harry and Meghan could face huge payday if they follow through with major decision

Prince Harry and Meghan Markle could face a major payday if they follow through with the decision to move out of Montecito. Although the couple have never confirmed that they wish to move out of their home, reports have suggested that the couple have previously expressed wishes to move - although they love living in the US.

According to the Montecito Journal, house prices in the Santa Barbara County - where the couple have lived since 2020 - have skyrocketed meaning that Meghan and Harry could majorly benefit if they were to move of their multi-million pound manision.

As reported by the publication, March was a big month for the Montecito housing market with "more than 20 sales and one closing over $10M".

The website added: "The under $10M market continues to deliver with multiple sales each month in the high value for price paid range of $5 to $8M. Then there are always the few fixers, cottages and condos that sell for between $1.4 and $5M."

Although the couple are incredibly private when it comes to their home and children, the Duchess of Sussex, 43, has given fans a rare insight into both areas on her Instagram account as of late.

Back in March, Meghan shared a video of herself enjoying the Californian sunshine, wearing a white outfit and wide-brimmed hat.

In the video, Meghan - who is mum to Prince Archie, six, and three-year-old Princess Lilibet - can be seen cutting flowers from her garden and watering them from an outside tap before putting them in a jar from her new As Ever brand.

The video, which was posted on March 9, was captioned: “A sweet pea Sunday. Happy weekend, friends!”

The couple stepped down from royal duties in early 2020, with the pair moving to the US with Archie - who was less than a year-old at time.

Meghan and Harry later welcomed their daughter - a little sister for Archie - in June 2021.