Where can I find real estate listings in Iceland?

Mondinion.com is the perfect place if you are looking for real estate properties in Iceland. We have a great selection of real estate listings in Iceland to suit every budget including; Apartments for Sale or Rent, Houses for Rent or Sale, Commercial Real Estate Property Listings, Vacation Rentals, Villa Property & Real Estate Listings.

Should you buy a house in Iceland?

However, it is highly recommended that a prospective buyer spends some time in Iceland to become acquainted with the Icelandic real estate market. This time will allow them plenty of opportunities to understand the ebbs and flows of the trade. Average house prices and their rate of inflation vary wildly between Iceland’s different regions.

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.

Are summer houses legal in Iceland?

(Summer houses in Iceland are used as vacation properties for locals, who often rent them to tourists. They are not considered legal for permanent residence.) “We’ve rented it out to over 100 groups over the years, and they’re always amazed at how staying there brings a sense of peace that you cannot buy,” Mr. Larusson said.