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," explained one expat living in Iceland.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What should I pack when moving to Iceland?
- Where should I setup a bank account in Iceland?
- Will I be able to find a job in Iceland?
- What is life like in Iceland?
- What do expats in Iceland appreciate most about the local culture?
- What do expats find most challenging?
- 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?
- What are healthcare services like in Iceland?
- What are medical services in Iceland like?
- Are healthcare and health insurance expensive in Iceland?
- What are emergency services like in Iceland?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Iceland?
- How are local medical facilities in Iceland?
- As a foreigner living in Iceland, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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.