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Iceland Real Estate
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Information about Iceland
Country
Iceland
Iceland, officially the Republic of Iceland is an island country located in the North Atlantic Ocean between mainland Europe and Greenland. Its capital and largest city is Reykjavík. Located on the Mid-Atlantic Ridge, Iceland is volcanically and geologically active on a large scale; this defines the landscape. The climate of Iceland's coast is subpolar oceanic. Iceland has some of the world's highest levels of economic and civil freedoms. In 2007, Ic...eland was ranked as the most developed country in the world by the United Nations' Human Development Index.

Iceland is a member of the UN, NATO, EFTA, EEA and OECD. Iceland is a representative democracy and a parliamentary republic. It has a left-right multi-party system. Iceland is a member of European Economic Area (EEA), which allows the country access to the single market of the European Union (EU). Iceland's economy has been diversifying into manufacturing and service industries in the last decade, including software production, biotechnology, and financial services. The tourism sector is expanding, with the recent trends in ecotourism and whale-watching.
Capital
Reykjavík
Reykjavík is the capital and largest city of Iceland. Its latitude at 64°08' N makes it the world's most northern national capital with the exception of Nuuk, Greenland. It is located in southwestern Iceland, on the southern shore of Faxaflói Bay. With a population of around 120,000 (and over 200,000 in the Greater Reykjavik Area) it is the heart of Iceland's economic and governmental activity. Reykjavík is believed to be the location of the first permanent settlement in Iceland, which Ingólfur Arnarson is said to have established around 870. Until the 18th century, there was no urban development in the city location. The city was founded in 1786 as an official trading town and grew steadily over the next decades, as it transformed into a regional and later national centre of commerce, population and governmental activities. Today, Reykjavík is the centre of the Greater Reykjavík Area which, with a population of 202,000, is the only metropolitan area in Iceland. As a highly modernized capital of one of the most developed countries in the world, its inhabitants enjoy a first-class welfare system and city infrastructure. Its location, only slightly south of the Arctic Circle, receives only four hours of daylight on the shortest day in the depth of winter; during the summer the nights are almost as bright as the days. It has continued to see population growth in past years as well as growth in areas of commerce and industry. Reykjavík was ranked first on Grist Magazine's "15 Greenest Cities" list.
Biggest cities
Kópavogur
Kópavogur is Iceland's second largest city, with a population of 30,180. It lies immediately south of Reykjavík and is part of the Greater Reykjavík Area. It is largely made up of residential areas, but has a lot of commercial and industrial activity as well. The name literally means Seal pup bay. The town seal contains the profile of the church Kópavogskirkja with a seal pup underneath. Kópavogur's main sports clubs are Gerpla, Breiðablik UBK and HK. The mayor of Kópavogur is Gunnsteinn Sigurðsson, a member of the council for the Independence Party. The majority of the council since 1990 has been formed by the Independence Party and the Progressive Party. The tallest building in Iceland is located in downtown Kópavogur. The building is called Smáratorg tower.
Hafnarfjörður
Hafnarfjörður or Hafnarfjordur is a port city located on the south-west coast of Iceland, about 10 km south of Reykjavík. It is the third most populous city in Iceland, after Reykjavík and Kópavogur, with a population of 26,003. The population of Hafnarfjörður reached 25,000 in February 29, 2008. As the third largest city, Hafnarfjörður has established local industry and a variety of urban activities, with annual festival events.
Akureyri
Akureyri is a town in the northern part of the Republic of Iceland. In terms of population, it is the second largest urban area after the Greater Reykjavík area but is the fourth largest municipality in Iceland after Reykjavík, Hafnarfjörður, and Kópavogur. Akureyri has a population of 17,304. The city is nicknamed the "Capital of North Iceland." The area where Akureyri is located was settled in the 9th century but did not receive a municipal charter until 1786. The city was site of some Allied units during World War II. Further growth occurred after the war as the Icelandic population increasingly moved to urban areas. The area has a warm climate due to geographical factors. Akureyri is an important port and fisheries centre. It is a regional population center and has not lost population due to the city being a tourist center.
Garðabær
Garðabær is a municipality in the Greater Reykjavík area of Iceland. As of 2008, its population was 10,272. The municipality is the location of a 5067 m² TV studio, where the LazyTown children series is recorded. It contains one of the most advanced HDTV facilities in Europe, with LazyTown being filmed there.
Currency
Króna (ISK)
Language
Icelandic
Size
103000 km2
Population
320000
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   Vip project
Size: 300 m2
Price: 858100 EUR
   Vip project
Size: 2200 m2
Price: 28000000 EUR
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