SPEARS SLASHES PRICE OF BEVERLY HILLS HOME
BRITNEY SPEARS has taken a big property hit after reducing the price on h er Beverly Hills home in a desperate bid to sell it.
The pop star put the property on the market in early 2008, and even inc reased the price to $7.9 million (=C2=A34.9 million) before the world eco nomic crisis.
But the mansion is still on the market and now Spears has dropped the p rice to $4.85 million (=C2=A33 million), according to website RealEstalke r.com.
The site reports Spears presently stands to lose $1.9 million (=C2=A31.
2 million) on the property.
Movie & Entertainment News provided by World Entertainment News Network (www.wenn.com)
