Bye bye, Beckingham Palace: Posh and Becks selling up and quitting Britain

"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.”

Their decision comes after David, 36, snubbed a move to Paris Saint Germain, preferring to stay at LA Galaxy.

They bought their seven-bed Grade II-listed mansion in Hertfordshire for £2.5million shortly after marrying in 1999.

However, they have spent almost £18million on renovations, and the 22-acre estate now boasts indoor and outdoor pools, petting zoo, studio, gym and floodlit tennis courts.

While the refurbishments may not have been cost-effective, they look austere in comparison to their decision to buy their South of France hideaway.



After “falling in love” with the villa in 2003, they have spent no more than a fortnight in it. Rumours Victoria, 37, refused to stay there because it is haunted were unconfirmed.

The fashion designer will also have a small place in London.

A source added: “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.”