House prices: “Let’s all move to Iceland”

Photo: Iceland Monitor/Sigurður Bogi Sævarsson

“Let’s all move to Iceland” is the tongue-in-cheek advice of BuzzFeed’s Jamie Jones, who has put together a probably not very scientific comparison of what £1 million (GBP) will buy you house-wise in different European capitals.

While a cool million pounds (approx. ISK 140 million) in London will get you a modest three-bedroom terraced housed a mile away from the nearest underground station, the Reykjavik equivalent is somewhat more impressive.

Featured is a six-bedroom palatial abode with beautiful sea-views from most rooms in the house in the Greater Reykjavik municipality of Garðabær. The quoted price tag is £968,396.

Have a look through the sixteen cities here and see what you think.

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Exchange rates

USD USD 110.63 EUR EUR 129.60
GBP GBP 146.32 DKK DKK 17.37
NOK NOK 13.48 SEK SEK 12.52
CHF CHF 114.52 JPY JPY 0.99
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.