Property for sale in Iceland

1/ Capital: Reykjavík

 Is the capital and largest city of Iceland. Its latitude at 64°08' N makes it the world's most northern national capital. It is located in southwestern Iceland, on the southern shore of Faxaflói Bay. Get more information on property for sale in Reykjavik.

Is an island country in Northern Europe, located in the North Atlantic Ocean between mainland Europe and Greenland. It is the least populous of the Nordic countries and the second smallest.

 With a surprisingly mild climate in the south and west, Iceland has a myriad of natural wonders and vibrant city life which is attracting investors. The name of the country itself is enough to put the less hardy off visiting Iceland. With its glaciers, thermal springs, active volcanoes, lava fields and snow-capped mountains, Iceland is the land of fire and ice.

Just 302,000 people live on this England-sized island just south of the Arctic Circle, but Iceland, and particularly its capital, trendy Reykjavik, is fast becoming one of the most popular city break destinations in Europe, with property prices more than tripling over the last 15 years.

The housing market in Iceland provides opportunities for buying a house overseas, although it is not the traditional `Place in the Sun' that people usually seek.

he interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money.

The property purchasing process in Iceland is relatively simple, with very low acquisition costs, but there are limitations on aspects of foreign property ownership imposed by the Agreement of the European Economic Area, which allows Iceland to participate in the internal market while not assuming the full responsibilities of EU membership.