January 17, 2017  

Britney Spears Slashes Price of Her Beverly Hills Home

April 26, 2010 (3:56 am) GMT
The 'Circus' singer has dropped the price of her Beverly Hills home from $7.9 million before world economic crisis to $4.85 million.
Britney Spears

has taken a big property hit after reducing the price on her Beverly Hills home in a desperate bid to sell it. The pop star put the property on the market in early 2008, and even increased the price to $7.9 million before the world economic crisis.

But the mansion is still on the market and now Spears has dropped the price to $4.85 million, according to website RealEstalker.com. The site reports Spears presently stands to lose $1.9 million on the property.

Britney Spears is not the only celebrity who has to slash the price of her mansion. Ronnie Wood previously was forced to drop the price of his 11.6 million-dollar home by $2.3 million, putting it on market for $9.3 million.

's drummer Joey Kramer additionally has made a massive 27 per cent loss on the recent sale of his home in Massachusetts. After 19 months on sale, the property has finally sold for $2.7 million - significantly less than the original $5 million asking price.

More Britney Spears News

TODAY'S HEADLINES

  1. 'Supernatural' Casts David Haydn-Jones as a Mysterious Character
  2. Lin-Manuel Miranda Releases Tribute Rap for 'The West Wing'
  3. Kim Kardashian, Kylie and Kendall Jenner Dolled Up for 'Ocean's Eight' Cameo Filming
  4. Amanda Seyfried Dishes on Upcoming Low-Key Wedding to Thomas Sadoski
  5. Harley Quinn Might Appear on 'Gotham' Earlier Than Expected
  6. Soulja Boy Takes a Shot at Chris Brown, 50 Cent, Mike Tyson on New Song 'Stop Playing with Me'
  7. Is Tina Fey Making 'Mean Girls 2' Without Lindsay Lohan?
  8. Lady GaGa Builds a Dance Floor in Her Backyard, Shares Crazy Idea for Super Bowl Performance