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Britney slashes Beverly mansion price

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 contactmusic.com.

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

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