Real growth of residential property prices in local currency reached 17.8% in 2017 in Iceland, according to the National Statistical Office. This is 120% more than in the previous year.
Historically, real growth of residential property prices in local currency in Iceland reached an all time high of 17.8% in 2017 and an all time low of -97.2% in 1983.
Iceland has been ranked 1st within the group of 71 countries we follow in terms of real growth of residential property prices in local currency.
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