Property for sale in Reykjavík

The price of residential housing in the Reykjavík area appreciated by 33% in 2005. Prices rose twice as fast as in the northeast region where prices rose only about 18%. Get more information on property for sale in Iceland.

Views on the Reykjavik real estate :

Prices of residential property for sale in Reykjavík have more the tripled over the past fifteen years.  In the west and south regions, prices have appreciated by a similar factor, but in the northwest (Vestfirdir), prices only rose by 57% over the last 15 years.

Real estate agents said that all properties in Reykjavík in a good condition are being sold. The price of real estate in in Reykjavík has risen as a consequence by 20 to 30 percent in 2008.

A large apartment in an apartment complex which cost ISK 4 million (USD 61,000, EUR 45,000) last year, is now being sold for ISK 5 million (USD 76,000, EUR 56,000).

The real estate market in Reykjavík is booming because people see an upswing waiting around the corner.