Daft Property - Irish Property News

The legacy of the boom and the subsequent property collapse have come home to roost in 2012. This is the year the Nama deferred payment scheme was launched, a ghost estate was sold at a distressed property auction, and the country’s most expensive property failed to sell despite a 74 per cent price drop. Here are 10 properties that sum up where we are now ... 1. Walford, Shrewsbury Road Now that the madness of the property boom is a distant memory, it has become apparent that not only was Walford on Shrewsbury Road in Dublin 4 never worth the €58 million paid for it in 2005, it has failed to find a buyer for it, even at the radically reduced price of €15 million. The Edwardian house on 1.8 acres went on the market in September 2011 but was recently withdrawn, presumably because it failed to meet the guide price. When it was sold in 2005, the cachet of the road and the development potential drove rich individuals into a frenzy, pushing the price substantially ove