Is Cher the latest celebrity victim of the housing crisis which is currently ripping its way through America and the United Kingdom?

The second half of the famous, Sonny and Cher duo, has placed her Californian mansion on the market at a cool $45 million, the equivalent of £22.5 million.

The expansive Renaissance style mansion has 6 bedrooms, seven bathrooms, a theater, a gym, tennis courts, swimming pool and several verandas on each level.

The Mermaids star had the three-storey mansion built, which overlooks the Pacific Ocean, in 1992.

Along with celebs such as the former heavyweight boxing champion Evander Holyfield several other celebrities such as Aretha Franklin, Michael Jackson and Johnny Carson’s sidekick, Ed McMahon have also fallen prey to the property market crunch are

Who’s next?

ABB