Britney slashes Beverly mansion price

Updated: Apr 26, 2010, 09:59 AM IST

London: Singer Britney Spears is drastically reducing the price on her Beverly Hills home in a desperate bid to sell it.

The `Toxic` hitmaker put the property on the market in early 2008, and even increased the price to $7.9 million before economic crisis. But the mansion is still on the market and now Spears has dropped the price to $4.85 million, reports

Spears presently stands to lose $1.9 million on the property.