Britney Spears is the latest star to suffer in the property market slump - she's set to lose millions of dollars in the sale of her California home.

The singer put the six-bedroom mansion on the market for $7.9 million back in September, 2008 but the property failed to attract any buyers.
 
And now Spears has dropped the price - she re-listed the home on Monday for $5.5 million - a loss of $2.4 million, according to TMZ.com.
 
The home, which features three garages, a library, a spa and a media room, is where the Toxic hit-maker suffered a series of meltdowns in 2007 and 2008, most notably being removed from the house and transferred to a psychiatric hospital ward after refusing to hand her sons back to her ex-husband Kevin Federline.

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