European Housing Report 2021

Iceland

THE COVID-19 IMPACT Since the start of the COVID-19 pandemic, the number of days on the market have decreased and buyers are looking to upsize. Supply has remained low throughout the pandemic period, and this is expected to continue for the remainder of the year.

MARKET OUTLOOK (TOTAL MARKET)

WHO WILL DRIVE DEMAND?

5 %

2020

€368.564

• First-time buyers

2021 (Estimated)

€386.992

PROPERTY TYPE SEEING MOST ACTIVITY

KEY FACTOR IMPACTING THE MARKET

• Apartments

• Affordability

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Source: Survey of European RE/MAX independently owned and operated regional sub-franchises. To learn more about the 2021 RE/MAX European Housing Report, please visit www.REMAX.eu.