According to RIA Novosti, Estonia has been forced to sell the residence of its ambassador in London due to budget cuts amid the financial crisis, the country's Foreign Ministry said on May 22.
London real estate agents have valued the Kensington apartment, with total floorspace of 145 square meters, at $1.4 million.
Estonia purchased the apartment soon after gaining independence from the Soviet Union. The current ambassador has been residing in a different location.
On May 21, the Estonian government considered possible cuts to the budget, and ordered all ministries to cut expenses by a total of 115 million euros.