They've made Los Angeles their home for the last five years. But now the Beckhams have decided to make it more permanent and put their famous English residence Beckingham Palace up for sale. David and Victoria have put the lavish Hertfordshire mansion on the market for a reported £18 million and they've also put their French home on the market as well.A source told The Mirror: "David and Victoria have been wanting to sell up for a couple of years now but the timing was never right. They didn’t want to lose money, putting their homes up for sale during a slump in the property market. So, after getting it valued two years ago, decided to hold off until now. They don’t need the money, as such, but no longer use either place and realise in this current climate it’s crazy to effectively throw cash away. The Beckhams have made LA their home, and the kids are settled there."
The couple bought Beckhingham Palace's sprawling 22-acre estate in 1999, shortly after tying the knot and they have since spent £18 million renovating the mansion to include swimming pools and a gym, amongst other highlights. They also bought a seven bedroom house in France in 2003, but have barely spent any time there.
David has mentioned his family is very happy in LA: "My family are happiest here at the moment. We love living in LA, we love living in America. We’ve adapted to the culture and everything the country has."
But while they're selling up their family home in Britain, Victoria has reportedly started looking for a small place for when she is in London. An insider added to The Mirror: "Victoria already has a studio there. She has already looked at a couple of apartments near Hyde Park and may decide to buy later this year."
Representatives for the Beckhams have so far not responded to requests from the MailOnline to comment on the reports.
source: DailyMail
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