Close to a thousand property purchase contracts were notarised last month and their total value was around 70 billion krónur, according to Þjóðskrá Íslands (Registers Iceland) figures released this week.
The number of purchase contracts was up 20 percent compared to January last year, and the total value of contracts doubled between years. The data supports the findings of a new report from the housing and infrastructure agency that states the property market in Iceland has been lively for the past year and the turnover the highest since records began.
967 contracts for property deals were notarised last month, according to Þjóðskrá Íslands, compared to 802 contracts in January 2020. The contracts were for a total of 68.6 billion krónur this January and 35.6 billion last January.