David and Victoria Beckham have recently made the announcement that they are going to be leaving the United Kingdom permanently in favour of Los Angeles. They are also reportedly selling their homes in France in addition to their £18 million UK property.
A source close to the couple has recently commented, “They have been wanting to sell their home for some time now. They were nervous about putting the house up for sale when the property market was in a slump and they just recently made the decision that the time for the sale was right.
It is still the case that they have lost money on the property because they conducted a great deal of renovations but I don’t think money is something they are too concerned about.”
They purchased the home, which is located in Hertfordshire, in 1999 for a reported £2.5 million. However, in this time they’ve spent over £18 million on renovations. The home now includes a petting zoo, gym, studio, swimming pools as well as tennis courts. It has also been reported that Victoria Beckham intends to buy an apartment in London to act as a base for when she is in the city for work.