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 furnished apartments a good option in Reykjavik?

Furnished apartments in Reykjavik are a great option for all sorts of locals and residents, depending on their preferences for property types. All the cost is included in the monthly or weekly rent, so be prepared to pay a premium price for property with these facilities.

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.

What to buy in Reykjavik?

If you're looking for great gifts and excellent souvenirs of your Iceland holiday, explore the quirky shops of Reykjavik for finds that are typically Icelandic, such as lava salt, wool, ceramics, art, and sheepskin rugs and blankets.