If You Can't Sell... Swap It! ; Embassy Trades Down for a Less Pricey Bolthole

Daily Mail › December 05, 2008

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Summary

SWAP parties are becoming all the rage in these dark recessionary days - and it seems the trend has reached the upper echelons of the property market now too.

The Canadian government has just swapped its plush Killiney ambassador's residence for a more modest Ranelagh mansion - and a cool EUR 3million - in a deal with property tycoon Michael Roden.

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Extract

If You Can't Sell... Swap It! ; Embassy Trades Down for a Less Pricey Bolthole

Mr Roden plans to renovate Strathmore, an eight-bedroom pile built in 1860 and rem...

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