Icelandic households are among the most indebted in Europe, when debts are compared to earnings. The potentially worrying figures may have reasonable explanations, an economics professor says. Read the full story

A retired Finnish couple and their friend have been found shot dead in a sugar cane field near their winter home in Brazil. Read the full story

The embattled Icelandic property market appears to be making a comeback after it nearly ground to a complete halt during the banking crisis. Read the full story

The supervisory arm of the EFTA, the ESA, has given Icelandic authorities a six-week deadline to implement changes to the public sector Housing Finance Fund — the country’s biggest mortgage lender. A formal investigation could take place if the deadline is missed. Read the full story

Many more properties were sold in the Reykjavik region last month than in April last year. According to new figures from Statistics Iceland, the number of residential property sales in the capital region rose by 86 percent year-on-year and the value of property sales in the month also shot up by 86 percent from a year before.

According to a New York Times article, foreign investors are profiting from good house buying deals in Iceland because of the property market depression following the banking crash. Read the full story

Turnover of properties in Iceland increased by 16 percent last year compared to 2009 and there were a quarter more purchase agreements signed. However, the number of properties sold was still some four-times lower than in 2007. Read the full story

The headquarters of Icelandic newspaper Morgunbladid are too big and have been advertised for rent in part or in whole.

The building on the outskirts of Reykjavik houses editorial staff, production staff, the advertising department and the offices of Morgunbladid and is 4,000 square metres in size, RUV reports. The advertisement states that the premises could be available to be moved into at short notice. Read the full story

Around 2,300 homes stand empty in the Reykjavik region and a further 900 are nearing completion. Due to a glut of new housing and the reduction in the number of capital region residents, there are already enough homes to keep up with demand in coming years. Read the full story

Landsbanki has repossessed the property of Icelandic businessman Hannes Smarason, including his home at Fjolnisvegur 11 in Reykjavik, RUV reports. Read the full story