Prince Andrew will sell the only house because of debts

The British Prince Andrew announced the sale of the only real estate in the property — a Swiss ski chalet. The son of Elizabeth II, who owed about $ 9 million for the house, plans to get rid of the object and avoid litigation, the publication Page Six reports on September 27.

A royal family member bought with his ex-wife Sarah Ferguson a seven-room chalet Helora in the Verbier ski resort in Southern Switzerland in 2014 for $ 22.75 million. The property was bought partly due to a mortgage and partly thanks to the financial support of Elizabeth II. The prince told reporters that the house had become a “long-term family investment” for him.

In 2020, the ex-owner of the chalet Isabelle de Rouvre filed a lawsuit against Prince Andrew in a Swiss court, accusing him of not paying the last installment for housing. Journalists became aware of the intention of the 61-year-old royal to sell the house for $ 23.7 million and close the debt. The UK Times reports that the former owner of the Swiss villa has withdrawn the lawsuit.

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Author: Oleg Ceban
Graduated from University of Oxford. Previously, he worked in various diferent news media. Currently, it is a columnist of the world news section in the Free News editors.
Function: Editor
Oleg Ceban

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