(Source: Business Insider) – Many celebrities are known for purchasing multiple properties across the country from multi-acre estates to condominiums. At any given time it can even become difficult to keep up with the number of properties that each celebrity owns. Surely with the current real estate market the celebrity property investment has declined? Absolutely not!Instead, celebrities are taking full advantage of the low home prices and incredibly low interest rates to purchase exceptional properties that either upgrade or add to their existing homes. Even young stars such as Hannah Montana’s Miley Cyrus have been bitten by the real estate bug.

Miley Cyrus, daughter of country singer Billy Ray Cyrus, has achieved great fame of her own from Hannah Montana to her release of her first album, Breakout. With this increased popularity, Ms. Cyrus has definitely made a fortune and is investing a substantial chunk of her income in real estate.

Source: Business Insider

Aug. 3, 2011, 11:48 AM

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