Irish Trophy Homes Lose Allure as Property Millions Vanish
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A six-bedroom Edwardian house on Ireland’s most expensive street is on the market for one quarter of the price paid when it was bought six years ago, a sign that the country’s property crash isn’t sparing high-end properties.
Walford, a house on Shrewsbury Road in Dublin’s affluent embassy belt, previously sold for 58 million euros ($77 million), according to Savills Plc, which is offering the empty home for 15 million euros. Interested buyers need to submit bids for the house by Oct. 27 with a 1 million-euro bank draft.