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Iceland's home prices up 56% since 2009 crash

Lack of supply, continued demand expected to contribute to further price increases

Published Mon, Nov 13, 2017 · 09:50 PM
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Reykjavik, Iceland

ICELAND'S housing market has soared 56 per cent since its 2009 crash.

But one of the island's biggest property investors says there's more to come, and is adding to its exposure.

"There is a growing demand, and the market is going to be supported by a lack of supply for the next few years," said Gisli Haukksson co-founder and chief executive officer of Gamma Capital Management Limited, an inv…

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