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 (£4.9 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 (£3 million), according to website
The site reports Spears presently stands to lose $1.9 million (£1.2 million) on the property.