Prince Andrew and former wife Sarah Ferguson are alleged to have bought a £13 million ski chalet in the exclusive Swiss village Verbier.
The joint purchase of the seven bedroom chalet, complete with indoor swimming pool and staffed by six, was made shortly before Christmas, according to The Daily Mail.
Verbier is a holiday and ski resort in the Swiss Alps, commonly recognised as having some of the best off-piste skiing in the world. It is also renowned for its expensive exclusivity, with many celebrities jostling alongside professional skiers as they enjoy the slopes.
The Duke of York and his ex-wife are believed to have taken out a joint mortgage on the property, estimated to be worth between £10 and £13 million, as a investment for their two daughters Beatrice and Eugenie.
Buckingham Palace declined to comment. But a source close to the Duchess is reported to have claimed to the Mail that: “They have bought the chalet as a family investment.
“Neither of them have their own property and wanted to buy the chalet as an asset to leave to their children,” the source claimed.
Prince Andrew: Life in pictures
Prince Andrew: Life in pictures
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Prince Andrew, Duke of York arrives at the Royal Albert Hall on 8 November 2014 in London
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Prince Andrew, the Duke of York (L) speaks to Queen Elizabeth II on the Queens stand during Derby day at the Epsom Derby Festival, in Surrey on 1 June 2013
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Prince Andrew with his daughters Princess Eugenie and Princess Beatrice on the Balcony at Buckingham Palace, 2013
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Princess Beatrice (C) poses for photograph with her parents, Britain's Prince Andrew, the Duke York (L) and Sarah Ferguson following her graduation ceremony at Goldsmiths College, in London, 2011
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Prince Andrew’s ‘pointless plunge’ down the Shard was the moment to take stock of his usefulness
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Prince Andrew is the first royal to take and tweet a selfie
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Prince Andrew with Bahrain’s Crown Prince Salman bin Al-Khalifa at Royal Ascot in 2010
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Prince Andrew with Ilham Aliyev, president of Azerbaijan in 2009
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Prince Andrew with Indonesian President Susilo Bambang Yudhoyono on the first day of his state visit to London
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Duke of York in his uniform
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Britain's Prince Andrew speaks to the press during a meeting with Turkish Businessmen at Ciragan Palace in Istanbul on 26 May 2004
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Wearing a traditional Guatemalan ceremonial jacket, Britains Prince Andrew, the Duke of York, turns on the tap innaugurating an irrigation system sponsored by the European community on 7 March 2002 in Nevaj, Guatemala
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The newly wed Prince Andrew, the Duke of York and his wife Sarah Ferguson, the Duchess of York, wave to crowds on 23 July 1986 from the balcony of Buckingham Palace in London while Queen Elizabeth II and Queen Mother look on
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Prince Andrew and Prince Edward with their governess, Lavinia Keppel, at the Children's Book Show in Westminster, London on 7 November 1969
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Prince Andrew (bottom left) with his parents Queen Elizabeth II and Prince Philip and siblings, Prince Charles, Princess Anne, and little Prince Edward at Windsor Castle, 1965
Prince Andrew, 54, and Mrs Ferguson, 55, divorced in 1998 after separating in 1992.
News of the sale, completed on 11 November but not legally approved by the Swiss government until 19 December, comes amid the emergence of US court documents claiming that Prince Andrew had sex with an underage girl.
Buckingham Palace has said that “‘any suggestion of impropriety with under-age minors is categorically untrue”.
Prince Andrew has also consistently denied the claims made by Virginia Roberts.Reuse content