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Real estate Icelandmag

Details: The real estate valuation increases the most in Reykjavík’s fashionable Vesturbær neighbourhood, by 16.9 %. On average, the real estate valuation in the Greater Reykjavík area will increase by 6.7 % while other parts of the country will see a relatively smaller increase in value. Read more: Real Estate prices on the rise in Iceland

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house for sale Icelandmag

Details: The house does not have a listing price, instead the realestate agent is asking for offers. The property tax estimate is 77,150,000 ISK (725,000 USD/620,000 EUR). For more information, head over to the full listing on Vísir.is. The first floor sitting room: The dining room:

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housing market Icelandmag

Details: Real estate prices in Iceland rose by 1.8% in February, marking the sixth month in a row when prices rise by more than 1%. Real estate prices have increased by 12.7% during this six month period. The main reason for rising prices is the shortage of small apartments suitable for first time home-owners. Shortage of new affordable apartments

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Iceland's most picturesque island is up for sale: Vigur

Details: The real estate agency deosn't list a price for the island, but is instead asking for offers. The local business weekly Viðskiptablaðið reports that the asking prices is at least 300 million ISK (2.8 million USD/2.4 million EUR).

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A rare gem of a house for sale in the old part of

Details: There is a very limited supply on Reykjavík’s real estate market of houses like this. Located at the quiet Bárugata street, in the oldest part of the capital, it’s within a 10 minutes walk from the buzzing centre of the city.

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The median cost of housing in Iceland is 16,8% of income

Details: Real estate prices have been picking up in Iceland, especially in the capital area where they are now on par with prices in 2009. Housing costs in Europe are steepest in Greece (31,0%), Holland (26,7%) and Denmark (25,5%).

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The housing market is growing fast with demand in the

Details: Residential real estate prices rose by 2.6% in 2013, taking rates up to similar levels found in 2004 before the last real estate bubble. The rise is driven by demand in Reykjavík where prices have risen more than 35%. In 2009 residental prices in the capital area dropped 30% as a result of the crash. Full profile.

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A fairy tale home in North Iceland for sale Icelandmag

Details: A fairy-tale house in the village of Blönduós, North Iceland, could be yours. The house belongs to a renowned Icelandic woodcarver – as the gorgeous images from inside the house bear witness. The house, named Brimslóð, is the town’s oldest building having been built in 1882. However, it had to be rebuilt in 1999 after having been destroyed in a fire.

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How hard is it for foreigners to purchase property in

Details: Q: How hard is it for foreigners to purchase property in Iceland? A: Citizens living in member states of the European Economic Area (EEA) may acquire property rights in Iceland without the permission of the Minister of Justice.These include; Employees who are citizens of a member state of the EEA and who work as such in Iceland, or have EEA-residence permit; …

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Airbnb nation: 10% of Icelandic apartments listed on

Details: The demand for Airbnbs has also affected the real estate market, the study finds. Real estate prices have risen dramatically in Iceland in recent years. The 12 month increase in January was 12.8%. Prices have risen by 70% in the past five years. The dramatic increase in housing prices can be explained partially by a bounce-back after the 2008

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Gorgeous house in Eyjafjörður fjord, North Iceland, for

Details: This gorgeous house in Eyjafjörður fjord, North Iceland, is on the market for 41.9 million krónur (269.176 euros/ 211.168 US dollars). The house is 169 square metres (1819 sq ft) in size and has three bedrooms and a spacious open plan living room and kitchen with a marvellous over the fjord and the neighbouring village of Akureyri, which is only a ten minute …

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One of the largest historic buildings in downtown

Details: Real estate agents the local news site visir.is interviewed argued the building would likely be seen as a potential hotel, and could fetch as much as 650 million ISK (5.1 million USD/4.6 million EUR). It is 1,405.4 sqm (15,123 sq ft), four stories tall in addition to the basement.

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The Current State of the Icelandic Economy Icelandmag

Details: Further proof of Iceland´s recovery is the return of its real estate market. Prices currently resemble pre-crisis figures, with apartment high-rises popping up all over the Reykjavik city skyline. An economics report commissioned by the Icelandic bank Islandsbanki (ISB) has found that residential real estate prices rose by 2.6% in 2013, taking

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Demand exceeds supply of properties in downtown Reykjavik

Details: Demand to buy properties in central Reykjavik and the vicinity is much greater than the availability. This rings especially true about property under ISK 30 million (US$ 266,312). A realtor told Morgunbladid daily that there have been instances when a house has been listed, looked at, and sold - all on the same day.

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Charming 130 year old house in Eyrin village, in

Details: The dream house for anyone who has ever dreamt about settling in a small fishing village in Iceland has come on the market: A charming small 19th century house in the town of Ísafjörður, the "capital of the Westfjörds" is on the market. The asking price for the 156 square meter (1,680 sq ft) house is 24,300,000 (ca 214,000 USD/204,000 EUR).

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FL Group Icelandmag

Details: In February 2008, after the US real-estate bubble had burst, FL Group announced it was divesting itself of its real-estate projects in the US. The Trump Tower project, along with other US based real estate projects, were moved to a subsidiary of FL Group called FL Bayrock Holdco. This company posted more than 140 million USD in losses in 2008.

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Beautiful apartment in historic Þingholtin neighborhood

Details: Reykjavík real-estate market has finally made up losses suffered in 2008 crash. By Staff. Economy. Real estate prices in Iceland projected to rise by 30% by the end of 2019. By Staff. Economy. Rise in real estate prices in Iceland one of the largest in the world, rose by 12.9% last year.

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A luxurious tower apartment with views over famous

Details: Real Estate Prices up by 35 percent in the capital area. By Staff. Business. Real estate sales keep on rising in the capital area. By Staff. Lifestyle. Downtown Reykjavík apartment on a quiet street for sale. By Staff. Lifestyle. Fantastic old villa for sale in down-town Reykjavík. By Staff.

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A beautiful old villa in Eskifjörður for sale Icelandmag

Details: A beautiful villa located in the delightful little village of Eskifjörður, East Iceland, is for sale for 10.4 million krónur (67.328 euros/ 89.691 US dollars). The house, built in 1923, is a comfortable 124 square metres (1334 square feet) in size and has two bedrooms, one living room, a kitchen and a bathroom.

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Donald Trump criticized for questionable deals with

Details: The presumptive GOP presidential nominee Donald Trump has come under fire for a questionable real estate deal with an Icelandic investment company FL Group. FL Group, which went bankrupt in the wake of the 2008 collapse of the Icelandic financial system, was one of the most prominent, and controversial, Icelandic investment company. The details of the deal between Trump and FL

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Gorgeous apartment in one of the most beautiful houses in

Details: This stylish apartment in one of the most beautiful houses in the Þingholtin neighborhood is now on the market. The apartment comprises the third floor and attic of a three story wooden building. Built in 1907 Miðstræti 5, is a striking example of the beautiful homes in the oldest neighborhoods of Reykjavík. The third floor location provides a magnificent view of downtown and

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Looking to buy your own island in an Icelandic fjord

Details: The real estate agency deosn't list a price for the island, but is instead asking for offers. The local business weekly Viðskiptablaðið reports that the asking prices is at least 300 million ISK (2.8 million USD/2.4 million EUR).

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Failed Donald Trump Tower included busted Icelandic

Details: In February 2008, after the US real-estate bubble had burst, FL Group announced it was divesting itself of its real-estate projects in the US. The Trump Tower project, along with other US based real estate projects, were moved to a subsidiary of FL Group called FL Bayrock Holdco. This company posted more than 140 million USD in losses in 2008.

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An apartment for sale close to Reykjavík's famous

Details: Photos/Draumahús Real Estate. Downtown The apartment is on the first floor in the white building, on a street called Lokastígur. This great little apartment for sale is located on Skólavörðuholt hill with Reykjavík’s most prominent landmark Hallgrímskirkja church almost literally on the doorstep.

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Housing prices in Reykjavík rose faster than any time

Details: Housing prices in the capital region, Reykjavík and the surrounding suburban municipalities, rose by 15.3% in 2016. This is the largest increase in real estate prices since 2007, when the pre-crash financial bubble crested. The price of apartments in multi family homes has also risen faster than the price of houses.The price of apartments in multi family homes has risen by 55%

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A quick guide to the Reykjavík Sculpture and Shore walk

Details: Some of the most expensive real estate in Reykjavík is found in these towers, thanks to their breathtaking views of the city. The ministry of fisheries was decorated in 2015 with a giant mural painted by the Dominical born graffiti artist Evoca 1.

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Former tycoon Björgólfur Guðmundsson

Details: The loans were offered to French and Spanish customers, mainly retired clients who owned valuable real estate. The loans allowed the customers to mortgage their properties, accessing their equity. Typically a fourth of the loan was paid out in cash, while the rest was invested with the promise that the returns on this investment would pay for

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Sigur Rós members under investigation for massive tax

Details: Real estate, corporate stock, bank accounts All three members of the band, Jón Þór Birgisson, Georg Hólm and Orri Páll Dýrason are under investigation for alleged tax evasion, according to the sources of Fréttablaðið. The investigation has been ongoing for some time, as the assets of the band members were frozen this past December.

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Beautiful apartment in an old corrugated building close to

Details: Photos/Miklaborg real estate. A great apartment on two floors in this beautiful corrugated iron building in the old part of west side Reykjavík is on the market for 56.9 million ISK (384.000 EUR/ 412.000 USD). The location on Vesturgata street is excellent. It’s within a 10 minutes walk from the buzzing centre of Reykjavík and the old

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Household debt remains constant: Drop in consumer debt

Details: This suggests that rising real-estate prices are the main reason debt has not continued to drop. Read more: Household finances continue to improve, but number of homes in arrears still above EU average. Despite the increase in mortgage debt the loan to value ratio of mortgages has continued to drop, standing at 29.7% at the end of 2017.

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Ask the expert: How much does it cost to rent in Reykjavík

Details: The average rental price in the suburbs is 150,000 ISK (1,345 USD/1,144 EUR). The average price for a square meter in a two room apartment (one bedroom and one living room with kitchen or kitchen facilities) centrally in Reykjavík is 3,205 ISK (29 USD/24 EUR). Rental prices have risen by 8.8% in the past year, according to official statistics

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Alaskan investors have purchased a 75% stake in one of

Details: Read more: Alaskan real-estate tycoon buying one of Iceland's largest hotel chains. The purchase by PT Capital is the third major Alaskan investment in Iceland this year, and the second investment by PT Capital. In June Alaska based JL Properties, whose CEO and Chairman is Anchorage real-estate mogul Jonathan B. Rubini, who was ranked the

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New apartment buildings to sprout up in Reykjavík Icelandmag

Details: There are new plans to build 2500 to 3000 new apartments in the capital city of Reykjavík over the next three to five years. One potential problem foreseen with the new apartment construction is the shortage of skilled workers in Iceland. Many foreign and domestic skilled workers left Iceland following the economic crash of 2008. Therefore, there will likely be a search to

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Fantastic old villa for sale in down-town Reykjavík

Details: The perfect real estate for the super handy. By Staff. Lifestyle. A penthouse apartment with a view over Snæfellsjökull glacier for sale . By Staff. Lifestyle. Beautiful apartment for sale in the fashionable Vesturbær neighbourhood . By Staff. Lifestyle. Gorgeous house in Eyjafjörður fjord, North Iceland, for sale.

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Iceland moves up one spot in the World Economic Forum's

Details: While the real estate market and tourist industry continue to spark recovery, there is still one glaring absence the Icelandic government needs to address; the Draconian capital controls. The domestic currency, the Icelandic Kronar, is expected to experience significant inflation once these controls are removed.

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Fewer Reykjavík apartments listed on Airbnb: 29% drop over

Details: Significantly fewer Reykjavík apartments are registered on Airbnb, according to data from the City of Reykjavík. At the end of February 3,852 apartments in the municipality of Reykjavík were registered on Airbnb. At the end of August the number had fallen to 2,737, a drop of 29%. The number of apartments registered on Airbnb dropped steadily over summer.

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This beautiful apartment in Reykjavík’s fashionable

Details: This beautiful 79 square metre (850 square feet) apartment in Reykjavík’s fashionable and historic Vesturbær neighbourhood is on the market for 49.9 million ISK (434.000 USD/396.000 EUR).

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Plans by Chinese investor to acquire farmland next to

Details: According to Icelandic law Icelandic real-estate and land can only be purchased and held by Icelandic citizens or citizens of the European Economic Area. People from outside the European Economic Area can purchase and hold property in Iceland if granted an exception from the law by the Ministry of the Interior.

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Íslandsbanki considering IPO as Iceland's second largest

Details: Real estate sales keep on rising in the capital area. By Staff. Business. 3.5% GDP growth in 2013 is an enouraging sign for the recovering Icelandic economy. By Matt Eliason. Culture. An American in Reykjavik: Mo' Krona Mo' Problems. By Matt Eliason. Editor's Picks. The winter wonders of Iceland .

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An amazing penthouse apartment for sale in central

Details: A sleek and modern penthouse apartment in Reykjavík‘s first apartment building is for sale. The building is located in the heart of Reykjavík, only a short walk from the city‘s main thoroughfare. The apartment is 118 fm2 (1270 ft2) in size and features a 18 fm2 (193 ft2) south-facing balcony with an exceptional view over Vatnsmýri moorland and Mount Keilir.

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Downtown Reykjavík saw largest population decrease in 2016

Details: High real estate and expensive rent The chief reasons for the population drop in downtown Reykjavík are high house prices and rising rental prices on the one hand, and the growing number of airbnb apartments and hotels, which have replaced rental properties. Read more: Iceland led the global real estate price increases in 2016

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How Reykjavík has changed: The City Center before tourism

Details: The rapid growth of tourism in recent years has brought all kinds of challenges to locals. Airbnb has contributed to rising rents and real-estate prices which have priced many young and low-income people out of the market, while the so-called "Puffin Shops" (the term used to describe souvenir and tourist stores) have multiplied as well as cafés and restaurants.

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Construction of new hotels in Reykjavík continues apace

Details: The unavoidable result has been that prices of hotel rooms and aribnb rentals have risen while real-estate prices and rents have been pushed up and the supply of long-term rental properties has shrunken. New hotels planned outside the city-center

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Check out this villa for sale, complete with an oceanic

Details: A stylish villa in the suburb of Garðarbær is for sale. The house was built in 1973, is 390 square metres (4198 square feet) and stands on a 1.505 square metre (16199 square feet) seafront plot. The five bedroom house comes complete with an exclusive mosaic fireplace, a beautiful courtyard with an outdoor fireplace, a spacious kitchen and dining area and amazing oceanic views.

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British billionaire buys vast farm in the highlands

Details: The British billionaire Jim Ratcliffe has purchased the farms Grímsstaðir á Fjöllum and Grímstunga in North East Iceland. The farm, which includes large stretches of the central highlands, has been for sale for several years. The selling price is confidential, but the asking price for the farm had been one billion ISK (8.78 million USD/8.46 million EUR).

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Beautiful house built for artist Jóhannes Kjarval on the

Details: The house was built in 1969 for artist Jóhannes Kjarval, as a gift from the Icelandic nation. The artist, however, never lived in the house. The detached house is within 10 minute drive distance from downtown Reykjavík, beautifully located by the oceanfront, complete with a view over Mt. Esja and Snæfellsnes peninsula to the north.

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Great townhouse in the centre of Reykjavík for sale

Details: Real estate sales keep on rising in the capital area. By Staff. Lifestyle. A penthouse apartment with a view over Snæfellsjökull glacier for sale . By Staff. Newsfeed. Demand exceeds supply of properties in downtown Reykjavik. By Staff. Business.

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