Dublin luxury property prices lowest in world

PRICES of luxury property fell by more in Dublin than anywhere else in the world last year, putting Ireland’s capital city at the bottom of a global list.

Prices rose by the most in Shanghai at 21%, followed by Mumbai at 20% and Singapore at 18%. Closest to Dublin’s 25% drop was Frankfurt, which saw prices fall by 19%.

Monaco was the world’s most expensive luxury residential market for the third year running in 2010, according to a global index of luxury home prices compiled by property broker, Knight Frank.