“Both Jay and Beyoncé are Anglophiles and have been toying with the idea of getting a pad for a couple of years now,” a source told British newspaper The Mirror.
“They are coming to England this year and touring before the year is out.”
Apparently Jay-Z and Beyoncé visit London so often, they believed it would be a good idea to have a property there.
Although their prior stays in England’s capital city have been excellent, the couple, who are parents to two-year-old daughter Blue Ivy, supposedly wanted a residence of their own to call home.
“On previous trips, they have stayed in five star hotels and, on one occasion, a rented mansion,” the insider explained.
They are understood to have exchanged on the pad around four weeks ago.
And billionaires Queen B, 32, and Jay, 44, will quickly recoup the cost of their plush new crib as they’re set to gross over £2million per show for their 20-date US tour.
“While money isn’t an issue, it makes sense for them to have a more permanent base and get to know one particular area.”