Iceland Real Estate News

d Iceland Real Estate News d
Real Estate Market in Iceland on a Roll Icelandic banks defy credit squeeze
The year-to-date turnover from certified sale contracts for real estate in Iceland was nearly ISK 321 billion (USD 4.9 billion, EUR 3.5 billion) as of September 7, compared with an annual turnover of ISK 269 billion (USD 4.1 billion, EUR 3.0 billion) in 2006. Icelandic banks should be lying low in the current credit market, given that they took a battering last year when sentiment towards the country suddenly turned. Yet Kaupthing, Glitnir, Landsbanki and Straumur-Burdaras are still on the acquisition trail.
Business Growth and Development in Iceland  
Iceland can more be called a volcanic island rather than a country and it lies in the northern direction in Atlantic ocean, eastern direction of Greenland and just south of the arctic circle.
 

Real Estate Market in Iceland on a Roll

The year-to-date turnover from certified sale contracts for real estate in Iceland was nearly ISK 321 billion (USD 4.9 billion, EUR 3.5 billion) as of September 7, compared with an annual turnover of ISK 269 billion (USD 4.1 billion, EUR 3.0 billion) in 2006.

Icelandic banks defy credit squeeze

Icelandic banks should be lying low in the current credit market, given that they took a battering last year when sentiment towards the country suddenly turned. Yet Kaupthing, Glitnir, Landsbanki and Straumur-Burdaras are still on the acquisition trail.

Business Growth and Development in Iceland

Iceland can more be called a volcanic island rather than a country and it lies in the northern direction in Atlantic ocean, eastern direction of Greenland and just south of the arctic circle. Its distance from New York is about 4200 kilometers [2600 miles] and 830 kilometers [520 miles] from Scotland.

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