Key Market Indicators
Icelander Real Estate Revenue is projected to decline to approximately €1,060 million by 2028, down from around €1,090 million in 2023, marking an average annual decrease of 0.3%. This downturn follows a broader trend observed since 2019, where the market has shrunk by 1.4% each year. In the latest rankings for 2023, Iceland secured the 28th position in real estate revenue. Croatia narrowly surpassed Iceland with revenue also at €1,090 million. Leading the rankings were France, the United Kingdom, and Sweden, occupying the second, third, and fourth spots respectively.
