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Size Of Rental Market Severely Underestimated
The size of the Icelandic rental market has been severely underestimated, according to a recent report by the Housing and Construction Authority (HMS). Approximately 74 percent of foreign residents in Iceland occupy the market. The group has been underrepresented in official surveys. …
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Houses Are A Better Investment Than Stocks, Says Housing Authority
The Icelandic Housing and Construction Authority (HMS) claims that housing investment offers more gains and fewer risks than purchasing stocks. This is a sign of an abnormal housing market in Iceland, the institution commented in its recent monthly report. In the last…
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Too Little, Too Late: Iceland’s Shambolic Housing Market
In the afternoon of June 25, 2020, a house on Bræðraborgarstígur in Reykjavík’s Miðbær neighbourhood was set ablaze. Smoke engulfed the western part of town and a majority of the downtown area, pooling over the city pond where warm air met cool…