Farrell hit by property market collapse

Colin Farrell is facing losses of up to €4m as his property investments go belly-up.

The actor, who has homes in Dublin and in LA, is reported to have bought 14 investment properties in the capital between 2004 and 2007 for €8m.

Now the Sunday Times quotes estate agents as saying that Farrel's portfolio is worth around €3.5m, because of the collapse in the property market.