Iceland House Prices Soar 56%, and One of the Island’s Biggest Investors Says There’s More to Come
- Central bank says lack of supply is likely to support prices
- House prices fell by about a third after latest market crash
Residential property sits beside a frozen waterway in Reykjavik, Iceland
Photographer: Arnaldur Halldorsson/BloombergThis article is for subscribers only.
Iceland’s housing market has soared 56 percent since its 2009 crash.
But one of the island’s biggest investors says there’s more to come, and isn’t worried the price development might end in a bubble.