Prince Harry and Meghan Markle are set to buy a 'holiday home' in Croydon which they will use when visiting England.
The Duke and Duchess of Sussex, who are now living in California after a brief spell in Canada, reportedly sent representatives to the South London borough last month.
Sources close to the couple, who live with 10-month-old son Archie, say a location has now been chosen and a verbal agreement is in place.
It's expected that the couple will visit Croydon later this year to finalise the move.
A spokesperson for the pair said: "The Duke and Duchess of Sussex are pleased to announce that they will frequent Croydon on a yearly basis, most probably starting from 2021.
"A number of homes and sites were reviewed, and although no more details will be given at this stage, The Duke and Duchess of Sussex can confirm they will be using the location as a holiday home when visiting the UK.
"The Duke and Duchess of Sussex look forward to visiting Croydon in the near future."
Prince Harry and Meghan, who starred in Suits before marrying sixth in line to the throne Harry in 2018, officially walked away from the monarchy on Tuesday (March 31).
As part of the move, they are no longer working royals and have become "financially independent".
Their situation will be reviewed by Buckingham Palace in 12 months time, and it is understood the Palace was involved in talks regarding the move to Croydon.
Although the pair now live in Los Angeles, they previously resided in Vancouver Island and Windsor.
A source close to the couple told MyLondon that Croydon was the perfect location for a holiday home as it represents a "fresh start" and "new traditions".
The source said: "Prince Harry and Meghan have never done things by the book and it seems they are carrying on that trend here.
"Croydon is seen as an up-and-coming London borough and the couple believe the area is a perfect location for them to call home when visiting England."
The property The Duke and Duchess of Sussex will move into has not yet been revealed.
One location that the couple may choose is the Webb Estate in Purley. Currently a seven-bedroom home on the estate is on sale for £3.25 million.
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Prince Harry and Meghan Markle set to buy ‘holiday home’ in Croydon - MyLondon
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