real estate
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Reykjavík Real Estate Continues To Be Really Expensive
Over 85% of homes in the capital area have a property value over 60 million krónur (US$432,000, €403.000), according to a new report from the Housing and Civil Engineering Agency (HMS). This is an increase of 4,9% in the first five months…
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Home Sales Saw Big Increase In February
Iceland’s real estate market is heating up, with nearly twice as many sales contracts signed in February as in January, according to the latest figures from Húsnæðis- og mannvirkjastofnun (HMS), the housing and infrastructure agency. As per HMS, the capital regions aw…
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Rent Prices Rose Over 100% In Last Decade
Real estate and rental prices have risen disproportionately more in Iceland than in the rest of Europe in the last 10 years, according to data from the Icelandic Tenants’ Association, reports Fréttablaðið. [su_pullquote]Who better to ask what’s best in Reykjavík than the…
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Housing Prices Continue Climbing, Supply Continues Falling
A new report from the Housing and Construction Authority shows that the average price for residential real estate in the greater Reykjavík area increased by 5 million ISK in the past two months alone. Overall housing prices are climbing, but availability is…
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Rent In Reykjavik Rising Proportionately Higher Than Cost Of Buying Apartment
The rent in Iceland’s capital is raising at a higher percentage than the cost of buying an apartment, underscoring the exclusivity of the market. RÚV reports that, according to a new monthly report from the Housing Financing Fund (HFF), rent in Reykjavík…
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Reykjavik Among Top Three Cities With Fastest Housing Price Growth In 2017
Reykjavík is third on the list of cities where housing prices have increased the most within the last year, namely by 16.6%, The Guardian reports. According to research by property consultancy Knight Frank published by the British newspaper, only Berlin in Germany…
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Know Your Rights: The Reykjavík Housing Market
It is a well known fact that the Reykjavík housing market is a cruel mess meant to make you hurt. For instance, last month we reported on the 3 immigrants who were paying 210 thousand for shared 8 m2 room and the…
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It’s Never Been Harder To Own A Place In Reykjavík
It has rarely been this hard to start out in the property market in Reykjavík for the first time and sadly, it does not seem like this will change in the next couple of years. RÚV reports that previous data on the…
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This Is The Correction
At a press conference on Monday, ministers introduced the implementation of the Government’s upcoming debt relief measures for house-owners. Regarding the measures, the government’s policy platform has stated that through “specifically directed actions, the government will address the debt problem of Icelandic…