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

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.

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

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

“We have already put in an advertisement here in the local paper in Selfoss and also decided to advertise in the New York Times. There is a slight difference between them” says Olafur Snorrason, owner of a gorgeous, two-storey house at Reynivollur 8 in Selfoss, Iceland. Read the full story

Icelandic millionaires Jon Asgeir Johannesson and Ingibjorg Palmadottir have put their luxury Manhattan apartment on the market for USD 25 million (ISK 2.9 billion), according to the New York Times. Read the full story

Good quality land is a sensible investment in any economic climate. And now with the weak Icelandic krona giving foreign investors the advantage, many are taking the opportunity to buy their own little piece of Iceland. Read the full story

Southern Icelandic residential land is now being marketed as a great investment opportunity in Iceland for families, individuals and business investors to construct houses, or build small farms for keeping domestic animals, small-scale land cultivation or other related activities. Read the full story

Around 80 percent of estate agents in Iceland have lost their jobs so far this year. “The situation is very serious,” Gretar Jonsson, head of the Association of Estate Agents told MBL.is. “Most estate agents’ owners are just hoping against hope that the market will pick up again over the coming months.” Read the full story

Dream Homes WorldWide recently announced it would be expanding its business into Scandinavia in 2008. The international off-plan real estate services are now offered through domain extensions in Denmark and Norway. In addition, the company recently opened an office in Copenhagen.

The Managing Director of Dream Homes WorldWide Scandinavia is Swedish-born Johan Lindgren. He said: “Scandinavians are making a switch from lifestyle purchases to becoming very investment focused when it comes to buying property overseas and for this reason they are finding markets such as Dubai particularly interesting over-and-above more holiday-orientated countries such as Turkey and Spain.”

According to Lindgren, the vast majority of the leads handled by the office in Copenhagen are for properties in Dubai. Lindgren affirmed that Dubai was one of the safest places in the world to invest.

Dream Homes has several services which it has specifically developed which set it apart from its competition. The company’s Securinvest policy protects customers by requiring all relevant paperwork, including documentation, licenses and bank guarantees to be in place and verified before they have access to the project.

“Dream Homes WorldWide Scandinavia covers a spectrum from Germany to Turkey, Dubai and Brazil, and of course brings several years of successful trading to the table. It will not be long before our business becomes a byword for off-plan real estate for the Scandinavian people,” said Lindgren.

Further satellite offices are planned in Oslo, Stockholm and Helsinki.