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The housing market in Iceland provides opportunities for buying a house overseas, although it is not the traditional `Place in the Sun' that people usually seek. The European Economic Area (EEA) is made up of those countries who are full members of the EU, plus Iceland, Liechtenstein and Norway. As an EEA national, you have the right to live in any EEA country. Damon Albarn (of Blur) has a bar there, adding credence to Reykjavik's claim to be the capital of cool. Relax at the hot springs afterwards (effluent from the power station actually - but perfectly safe).
Lonely Planet Guide to Iceland
Ask a ProfessionalThere are investment prospects in Iceland, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for informational purposes - they are not recommendations. |