Iceland
Should I buy or rent a home in Iceland?
If you have not spent a lot of time in Iceland, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Iceland can be a great investment, as the country's real estate market is growing steadily. However, it is important to consider the cost of living in Iceland, as well as the cost of purchasing a home, before making a decision. Renting a home in Iceland can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Iceland should be based on individual needs and preferences," commented one expat who made the move to Iceland.
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Other Questions:
- What do I need to know before retiring in Iceland?
- How do I meet people in Iceland?
- What is life like in Iceland?
- Is there a lot of crime in Iceland?
- Is there a lot of diversity? Are people in Iceland accepting of differences?
- What are the schools in Iceland like?
- Is the cost of living in Iceland high?
- What advice do you have for expats having a baby in Iceland?
- What are healthcare services like in Iceland?
- Is the cost of living in Iceland high?
- What type of recreational facilities are in Iceland?
- What is the weather like in Iceland?
- Are there good restaurants in Iceland?
- Where will I buy groceries and do other shopping in Iceland?
- What are the visa & residency requirements in Iceland?
- Are healthcare and health insurance expensive in Iceland?
- What do I need to know when buying property in Iceland?
- Are foreigners allowed to own property in Iceland?
- What appliances are typically included in a rental?
Should I buy or rent a home in Iceland?
If you live in Iceland, newcomers to Iceland would love to hear your answer to this question.
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.
