Rental prices in Reykjavik to soar

Rent in Reykjavik is already extremely high.

Rent in Reykjavik is already extremely high. Ásdís Ásgeirsdóttir

Rental prices are expected to go up even faster in the capital area. Rental price has gone up faster than real estate in recent months. 

Ari Skúlason, analyst at Landsbankinn predicts this development in an interview in today's edition of Morgunblaðið. 

Airbnb rentals are however not increasing and are at a standstill. 

Indexes of rental prices (blue) versus real estate prices (orange).

Indexes of rental prices (blue) versus real estate prices (orange). mbl.is

Exchange rates

USD USD 108.06 EUR EUR 123.00
GBP GBP 137.28 DKK DKK 16.49
NOK NOK 12.71 SEK SEK 11.74
CHF CHF 108.41 JPY JPY 0.98
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.

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Exchange rates

USD USD 108.06 EUR EUR 123.00
GBP GBP 137.28 DKK DKK 16.49
NOK NOK 12.71 SEK SEK 11.74
CHF CHF 108.41 JPY JPY 0.98
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.