Anorak News | United States Embassies For Sale: America Retreats

United States Embassies For Sale: America Retreats

by | 30th, April 2007

IS it a sign that the housing boom is over? Anorak has long suspected the surge in property prices – and property bores – would be heralded by the removal of Kirstie Allsopp and Phil Spencer from our screens.

But now we learn that the United States is cashing in some prime real estate. It’s selling 29 of its embassies.

As News Max reports: “Some 29 properties worth more than $205 million are now on the market in 21 countries, including a huge and historic embassy annex in the heart of London, large chancery buildings in Panama, Nicaragua and Nepal and homes fit for envoys extraordinary in Belize and Venezuela.”

Londoners who have long stared at the imposing Lubyanka that is the US embassy in Grosvenor Square can buy the annex. The asking price is $180 million. Start saving. And have the bulldozers on stand by.

All have been declared “excess property”. They are listed for sale by the State Department’s bureau of Overseas Buildings Operations, which manages more than 3,500 U.S. Government properties in 193 countries.

The United States no longer needs so many official residences. Indeed, who needs another embassy building when you have cultural imperialism and McDonald’s?

Posted: 30th, April 2007 | In: Reviews Comment | TrackBack | Permalink