Tag Archive | "real estate"

Iceland property prices increased fastest in Europe last year

Property prices in Iceland increased faster last year than in any other European country surveyed. The increase in par value of houses was higher even than in Norway, where a property boom is in progress.

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Recovery in Icelandic housing market

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

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Strong recovery in Icelandic housing market

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 [...]

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Battered Icelandic housing market shows signs of life

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.

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No need to build new houses in Reykjavik

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.

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Icelandic home advertised in the New York Times

“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.

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Selling up in New York

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.

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Taking advantage of Iceland investment possibilities

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.

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