ELLE MACPHERSON - MACPHERSON DROPS HOUSE PRICE AGAIN

MACPHERSON DROPS HOUSE PRICE AGAIN

Former supermodel ELLE MACPHERSON is the latest celebrity to fall victim to the credit crunch - she's slashed $3 million (£2 million) off the price of her London house.
The lingerie designer has a plush home in the fashionable Notting Hill district, and put the property on the market last summer (08) for $14.25 million (£9.5 million).
The huge seven-storey house failed to attract a buyer so the Australian dropped the asking price to $13.4 million (£8.95 million) in January (09).
But as the global economic crisis worsens, MACpherson has been forced to take another hit - lowering the property's value to $11.25 million (£7.5 million).
She bought the home for $9.4 million (£6.25 million) in 2006.