June 15, 2021 - 17:24 BST Rachel Avery From the Queen’s 775-room Buckingham Palace through to Prince Edward’s 120-room estate Bagshot Park, being a UK royal quite often means having a sprawling home. What many people wonder is, do the royals have to pay rent on their lavish houses?Working royals are usually given premises to live in by the Queen which will not require any payment from the occupier.
In addition, the Queen is known for her generosity and quite often gifts homes as wedding presents. When a house is handed over from Her Majesty, it is believed it would come rent and mortgage-free. As Prince Edward and Sophie Wessex were gifted the keys to Bagshot Park upon their 1999 nuptials, it is unlikely that they need to pay any keep.
How much would it cost to rent a royal palace? UNCLE, a residential rental company, has analysed the average rental prices and the UK’s best royal residences to calculate how much it would actually cost should they ever be let.Buckingham Palace unsurprisingly takes the top spot, with an estimated cost of £2.5million per month! The entirety of St James’s Palace would come in at £1.7million per month and Windsor Castle would cost £1.3million per month in rental fees.
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