Real Estate in Iceland

Last updated on Feb 08, 2024

Summary: An expat looking to buy a home in Iceland should begin by researching the local real estate market. They should look for listings on websites such as mbl.is, which is the largest real estate listing website in Iceland. It is also important to contact a local real estate agent who can provide more information about the local market and help with the search. Foreigners are allowed to purchase property in Iceland, however, there are some restrictions. Non-residents are not allowed to purchase land or buildings in the countryside, and they must obtain permission from the Ministry of Justice before they can purchase a property. Houses in Iceland typically include amenities such as a kitchen, bathroom, living room, and bedrooms. Many homes also have a garden or outdoor space, and some may include a garage or storage space.

How do I find a place to live in Iceland?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Iceland is to use online resources such as websites and social media. Websites such as Leigulistinn, Bylgjan, and Airbnb are great resources for finding apartments, houses, and other rental properties. Additionally, social media sites such as Facebook and Instagram can be used to search for rental properties and connect with potential landlords. Additionally, it is possible to find rental properties through local newspapers and real estate agents," explained one person living in Iceland.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.