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Property for sale in Iceland

Despite the political and economic climate uncertainty, average property for sale prices in Iceland have seen the largest increase in the last three years.

The average growth is 6%, compared to 4.1% recorded in 2015. Iceland wins first place for the first time  when the Global House Price Index was launched.

The island reported an astonishing 14.7%. The growing economy, two reductions in interest rates and an increasing involvement of foreign investors help explain a 9% increase in average prices for property for sale in Iceland over the last twelve months.

Reykjavik is characteristic for the colored roofs, the dazzling lights of the north and an important compromise on the energy front. With just 115 thousand inhabitants, the capital of Iceland is able to have a great impact on a global level and its objective is to become totally independent from the use of fossil fuels for 2050 and become a "hydrogen economy".

The high quality of life is reflected in property for sale prices. The residential market in Reykjavik has experienced a boom both in terms of prices and sales, in the last five years. Between the second half of 2016 and all of 2017 prices for property for sale in Iceland, have increased by an average of 13%, with peaks of 15%. The average selling price of an apartment today is around 450 thousand euros.

Iceland changes skin. And it decided to do it by enhancing the artistic scene of its capital Reykjavík, transforming the former industrial area of the port into a cultural hub, including concept stores, artists' studios, clubs, hotels, recording rooms and the recent, significant opening of the Marshall House. Inaugurated last March, it is an old herring factory transformed by the studio Kurt og Pí architects into a postmodern pole hosting the studio and the gallery dedicated to Olafur Eliasson, and two artist run space that have written the history of the Icelandic art scene: Kling and Bang and The Living Art Museum.

    Moving to Iceland: all the information at your fingertips!

    Probably one of the most unexplored lands, but at the same time more particular, Iceland is for many an escape from everyday life, for others, a viable alternative to be able to change life radically. All of us often have that thought that buzzes in our heads, that voice that whispers to us that may ...

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Real Estate Listings

Cod. 37128

For sale Farm, Iceland, Austurland, Egilsstaðir, Stóra-Bakka

For sale

260000 m²
Wonderful farm in East Iceland with 7 Buildings! Stóri-Bakki is located in the heart of East Iceland, only 25km distance to Egilsstaðir town and ju...
Cod. 4957

For sale Farmland, Iceland, Grímsey, Grimsey, Grimsey

For sale

2500 m²
land for sale
Map, price trends, and statistics
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