Iceland may have recovered from a debilitating financial crisis, but now it faces a new problem: an increasing number of empty luxury apartments and a need for affordable housing. A booming housing market and low mortgage rates have pushed up the prices of luxury property in cities like Reykjavik, Bloomberg reported, but now many units are being left empty as the economy cools. The number of tourists expected to arrive this year is slated to […]
source https://therealdeal.com/2019/02/23/looking-for-luxury-condos-in-iceland-cooling-prices-forecasted/
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