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

Weather

Light snow

Today

-1 °C

Cloudy

Later today

0 °C

Clear sky

Tomorrow

-3 °C

Exchange rates

USD USD 119.09 EUR EUR 134.30
GBP GBP 152.64 DKK DKK 18.00
NOK NOK 13.74 SEK SEK 12.81
CHF CHF 118.30 JPY JPY 1.08
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.