Britney Spears’ real estate woes!    ·    January 11th, 2006

It seems pop princess Britney Spears has tough luck as far as real estate issues are concerned. The singer suffered a loss of more than 1 million dollars after the value of her New York apartment dropped steeply in just three months.

The ‘Toxic’ singer’s swish pad in New York was first put on the market at 6 million dollars , but is now being offered for 4.95 million dollars, reports Contactmusic.

Spears has owned the three-bedroom apartment for several years, but first decided to put it on the market when she became pregnant and opted to move to the US west coast with husband Kevin Federline. This is the second time in recent years Spears has suffered a property flop in Manhattan.

In 2002, she was forced to close her restaurant venture, Nyla, due to flagging interest from New York diners, leaving behind an estimated 400,000 dollars worth unpaid bills.

 

Source: New Kerala