Shrewsbury Road in Ballsbridge, once the sixth most expensive residential street globally due to a record €56m property sale in 2007, saw a drastic decline in valuations following the financial crash. This crash prompted notable property developers, like Sean Dunne and Larry O'Mahony, to sell their properties, indicating a significant shift in the market dynamics within one of Ireland's priciest streets. The application to merge properties 5 and 7 signifies ongoing investment interests in a historically valuable area despite past downturns.
In 2007, Shrewsbury Road was the sixth most expensive residential street globally, inflated by a €56m sale that turned heads and distorted valuations.
Following the financial crash, property valuations in Ballsbridge plummeted, prompting several developers, including Sean Dunne, to abandon their properties on the prestigious road.
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