The couple are suffering following US property crash

It seems David and Victoria Beckham have become victims of the recession after their LA mansion went down in value from £11 million to £4 million in five years.

The couple were planning to put the 6-bedroom property up for sale when David left soccer team LA Galaxy this month but they’re now reportedly keeping it in the hope that the market improves.

David and Victoria originally considered selling up but then had their home valued,’ says a source.

‘Unfortunately, they bought it at the peak of the housing boom and before the US property crash.’

The Beckhams will now have to continue paying for staff including gardeners, cleaners and housekeepers in order to keep their spread in good repair.

They also own £18 million Hertfordshire mansion Beckingham Palace and a £3 million property in France, while Victoria, 38, was spotted house-hunting in London last month.

It’s likely that the pair will buy another place when David, 37, signs with a new football club in the new year, rumoured to be either Paris Saint-Germain, Monaco or Shanghai Shenhua.

‘It is a really exciting time for the family as Victoria‘s fashion career is so well established she can work from just about anywhere,’ the insider tells the Daily Mirror.

David, meanwhile, cannot wait for a new challenge.’

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Anna Duff