London, Oct 8 : Pop star Madonna is buying her much younger boyfriend Jesus Luz a house in New York and has allocated about $2.7 million (1.7 million pounds) to spend on a perfect pad for the 22-year-old.

Madonna is not quite ready to have Jesus move in with her in her house and she would rather have him at a walking distance, reports thesun. co. uk.

"Madonna is buying Jesus an apartment in New York. She has her real estate agent searching for the perfect pad for him in the new neighbourhood where she has just moved. She's told them to spend no more than 1.7 million pounds and the pad has to be within walking distance of her townhouse.

"She is financing everything, but Jesus will own it once it's found and bought. She really wasn't kidding when she told him he'll never have to worry about money from now on," said a source close to the singer. (IANS)