The couple have chosen a detached property in West London, reported Daily Mirror.
"Both Jay and Beyonce are Anglophiles and have been toying with the idea of getting a pad for a couple of years now," a source said.
"On previous trips, they have stayed in five star hotels and, on one occasion, a rented mansion. While money isn't an issue, it makes sense for them to have a more permanent base and get to know one particular area," the source added.
Beyonce, 32, and Jay Z will be spending more time in the UK this year.
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