London (PTI) Like many, it seems that Prince William also hopes to cash in on the global credit crunch -- he is said to be hunting for a five-million-pound beachfront honeypad in the United States.

If William does buy a luxury hideaway, he could turn it into a love nest with his girlfriend Kate Middleton. Their on-off relationship has become serious again and she could end up working in America for a year, the 'Daily Star' reported.

In fact, Middleton has an offer from Vogue boss Anna Wintour to take a sabbatical in New York while serving an internship on the magazine's staff. But it also has a thriving West Coast bureau and a temporary move to California may be far more appealing.

A source close to the royals said: "Her apparent lack of direction has become a stick with which people are beating her. So it would make sense for Kate to move to Malibu when William finds a place to buy. He'd have his investment, she'd be there looking after it and she would also have a steady job that would keep her critics quiet."