Michael D'Arcy (Wexford, Fine Gael)
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Question 80: To ask the Minister for Foreign Affairs the values of properties held by Irish embassies abroad; and if he will make a statement on the matter. [7075/10]

Micheál Martin (Cork South Central, Fianna Fail)
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The State owns 37 properties abroad. Their estimated value is currently in the order of €153 million. However, I would caution that this estimate is subject to the price volatility of the current property market across the globe.

These properties have been acquired for use as office premises and official Residences of Heads of Mission. They provide platforms to enable our Missions to raise Ireland's international profile and fulfil their varying responsibilities. These include providing services to the public, promoting Irish economic interests abroad and representing the State in international organisations. Properties are purchased with the approval of the Department of Finance in circumstances where it makes good business sense to do so and where funds are available.