British pop star Robbie Williams has taken a major financial hit on his Geneva property.
The former Take That frontman, who bought a villa in Vandœuvres for CHF 29m in 2020, has sold it for just CHF 16m - a loss of 13 million, or 45% of his investment, according to the Land Registry.
Real estate experts say he overpaid during the post-Covid property boom and that costly renovations likely deterred buyers.
The house, bought at the height of the pandemic, had remained unsold for more than two years.
Successful Lausanne Marathon despite weather conditions
More weekend protests in France
Majority of pension funds go overseas
Huge restructure for Migros
Hydropower expansion less than expected
Increase in burglaries
