Nominal growth of residential property prices in the local currency reached 19.5% in 2017 in Iceland, according to the National Statistical Office. This is 99.8% more than in the previous year.
Historically, nominal growth of residential property prices in the local currency in Iceland reached an all time high of 20.4% in 2005 and an all time low of -15.5% in 1985.
Iceland has been ranked 1st within the group of 71 countries we follow in terms of nominal growth of residential property prices in the local currency.
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