Jay-Z and Beyonce buy luxury London pad

London, May 13 (ANI): Beyonce and Jay Z have bought a posh townhouse in west London on the recommendation of their close pals.

The couple decided to rent the five-bedroom house because they were tired of pouring money down the drain for their stay in posh hotels.

Beyonce tasked her entourage with finding a suitable home for her family and a deal has been struck this week for a posh property.

The neighbourhood includes 'X Factor' boss Simon Cowell, Virgin chief Sir Richard Branson and director Michael Winner.

"Both Jay-Z and Beyonce are going to be spending a lot of time in London over the next few months," the sun quoted a source as telling.

"Jay is over here for his 'Watch The Throne' Tour and Radio 1's Big Weekend and Beyonce will be launching her perfume in Europe over the summer."They wanted to have somewhere more homely now they are parents," the source added. (ANI)