May 30, 2022: Who does not want to live like a royal? You can live your dream of living in the Buckingham Palace but of course you will need a lot of money. If you want to live on rent at the Buckingham Palace, you will have to pay 2.6 million pounds a month if the Royal family ever wanted tenants. The estimates are based on a review of each property's size, number of rooms and location.

And you can own the place by paying 1.3 billion pounds ($1.6 billion), if the Palace is put on sale now.

That's how much the 775-room London residence would cost if it was for sale, according to a new study by McCarthy Stone. That's up 100 million pounds since before the pandemic as the UK monarchy also benefits from a heated housing market.

The total value of the UK's royal property portfolio -- which includes castles and lodges across the country -- reached 3.7 billion pounds in 2022, according to estimates by the retirement property developer. That's up 460 million pounds since 2019.

Not that any of the properties reviewed are ever likely to be put up for sale or rent. The royal palaces aren't the private property of the House of Windsor. Rather they are the property of the UK and held in trust for future generations.

The study comes with the UK gearing up to celebrate the Queen's Platinum Jubilee next week.