Daft Property - Irish Property News

Ailesbury Road pad for sale at 6th of price... A PERIOD house on Dublin's Ailesbury Road will be offered for sale next month at €1.45m -- just a sixth of its boomtime value. The large residence, with one of the city's most desirable addresses, would have been valued at over €10m at the height of the property market. It is being priced at €1.45m in a sale of distressed properties on July 7 next. Another impressive Rathgar property, which is now divided into five self-contained flats, could have reached anything close to €2m at one stage, but has had its reserve set at €495,000. And a home at the foothills of the Dublin Mountains with almost an acre of land has been listed as one with offers from €450,000 -- slashed from more than €1m in 2006. The sales are part of three further auctions of distressed properties lined up for Dublin after the massive run on discounted houses earlier this year. Banks eager to get more properties off their books have turned to auctione

If you can't sell, swap: how the rich do it... A Dublin property developer has acquired the Canadian embassy residence on nine acres opposite Bono's house in Killiney in exchange for a D6 home - and €3m THE CANADIAN government has swapped its Killiney embassy residence for a lavishly renovated house in Ranelagh, plus cash, in a deal with property developer Michael Roden. A foreign affairs spokesperson in Ottawa confirmed that Mr Roden had paid around 4.8 million Canadian dollars (€3.01m) in cash and given a detached house on Oakley Road in Ranelagh in exchange for the Canadians' nine-acre property on Strathmore Road, Killiney. He plans to renovate the sprawling 1860s house which lies across the road from Bono's Vico Road home. Strathmore has been owned by the Canadian government since 1957 when it bought it for £20,300. Last year they put it on the market at €17 million and moved new ambassador Pat Binns into an apartment in the Four Seasons Hotel in Ballsbridge. The sa