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The Yorks

The Duke & Duchess of York sued for almost £7m in Swiss property dispute

Ben Stevens/i-Images

The Duke and Duchess of York are being sued for almost £7m over a dispute involving a Swiss holiday home.

Legal proceedings have been launched in Switzerland due to the couple reportedly missing a payment towards a luxury chalet which the couple purchased in 2014.

Prince Andrew and Sarah Ferguson bought the property in the Verbier ski resort in 2014 for 22 million Swiss francs ($22.5 million).

However, an instalment of six million francs which was due to be paid at the end of 2019 never materialised.

With interest, Swiss media reports that the couple now owes a total of eight million francs.

The vendors of the property have instructed law firm Etude du Ritz to launch legal proceedings.

A spokesperson for Prince Andrew told Le Temps newspaper that: “There is a dispute between the two parties in this matter,” adding that the contractual details were “subject to a confidentiality agreement”.

A Buckingham Palace spokesperson said: “This isn’t something we would comment on.”