Iceland Sells Prime Real Estate

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It used to be said that the one thing an ambassador could always count on while serving in a foreign capital was good housing. For Iceland’s envoys in Washington, New York, London, Ottawa and Tokyo that will no longer apply — and the sooner the better, as far as the government in Reykjavik is concerned. As part of its efforts to repair Iceland’s devastated economy, the government has put the “For Sale” sign on all five embassy residences, in the hopes of raising at least $20 million. The plan to sell the 10-bedroom mansion that serves as the Icelandic residence […]

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