Homes for ultra-rich up to 75% cheaper

THEY have the country’s most exclusive addresses, but not even the trophy homes of the ultra-rich are immune to the property crash — and the price tags of some have fallen even further than regular properties.

House prices in Dublin have fallen over 50% on average since the crash, but top-end properties can be down as much as a whopping 75%.

A home formerly owned by Derek Quinlan, once one of Ireland’s richest men, near Shrewsbury Road may be bought by the Belgian Embassy, according to a report on Bloomberg, for a price of up to €2.9 million.