What is the real estate market like in Reykjavik?

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.

How many apartments are available for rent in Reykjavík?

Available apartments and rooms for long term rent in Reykjavík. (17 rentals) Rental housing in Reykjavík: Apartments and rooms for rent in Reykjavík, Iceland- find you next rental housing at Housingtarget.com

How much does it cost to live in Reykjavik?

The average Iceland prices for utilities for an 85 m2 apartment range from €90-€125, depending on your usage. If you’re sharing a house or apartment with others, then the price of your bills could be really low. Reykjavik is a fairly small city, so walking to and from places is usually a good option.

How much does it cost to buy a house in Iceland?

Let's now dig a bit more into the cost of buying a house in Iceland. The average selling price for an apartment in Reykjavik is 529.372 ISK or USD 4000 per square meter. And the current trend is they will keep on soaring up; they have already risen by 5,5 in Reykjavik. Despite this, In May and June 2020, the real estate market broke records.