Daft Property - Irish Property News

When property prices in a leafy corner of Dublin 4 hit world-record heights, the signs were all there for catastrophe... Four years ago, property editors of leading international newspapers just could not believe what they were hearing. Homes on Shrewsbury and Ailesbury roads in the Dublin suburb of Ballsbridge, which had long set the record as Ireland's most expensive, were reaching new peaks, rivalling some of the most expensive properties in Manhattan or Paris. Prices of a country's most expensive residential properties are a useful early indicator for economies facing economic trouble. Prices of top-end Irish properties at their peak were signalling that the Irish economy was heading for a crash, because residences on Ailesbury and Shrewsbury roads were not only the priciest in Ireland, but were also arguably the most expensive in the world. In 2006, high-end properties, selling for an equivalent €4,450 per square foot, in a London economy fuelled by bankers' multi-mill...