Originally published Friday, October 14, 2011 at 10:00 PM

Irish trophy homes hit hard by downturn

Bloomberg News

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DUBLIN — A six-bedroom Edwardian mansion on Ireland's most expensive street is on the market for approximately one-fourth 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 $77 million, according to Savills, which is offering the empty home for about $20 million.

Prices for some of Ireland's trophy homes fell at least as much as the rest of the country's slumping market after the real-estate collapse drained the fortunes of property-boom millionaires. Another house on Shrewsbury Road in Dublin's Ballsbridge neighborhood is on the market for $10.6 million, down from an asking price of almost $19 million in 2009.

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