Iceland Property Investment at Bargain Prices

As a result of the financial situation in Iceland, many attractive opportunities are presenting themselves and conditions for investors are highly favourable at this time. Because of the favorable exchange rate investors with foreigh currencies have far more purchasing power. In the last 12 months property prices in Iceland have gone down by 21% because of the crisis. There is a need for foreign currency and many interesting opportunities have surfaced because of bankruptcies. Land prices have plummeted and availability of prime sites at lower prices have increased. Prices in the construction industry have fallen increasing competition and bidding wars in the construction and service sectors.

In spite of all this, future prospects are good in the medium term, the International Monetary Fund and other financial institutions are predicting a full recovery within a number of years. If you have been waiting for a good investment opportunity to come you way then Property investment in Iceland will give you fantastic returns.

Investing in a foreign country is always a complex procedure. Buying a property in Iceland involves dealing with compexities and local idiosyncracies and you need a uniquely qualified local agency to handle. You need to contact an agency which has experience in handling transactions in an international context and which can act on behalf of overseas clients to make the whole process smooth, understandable and reliable. It is essential that their core business is estate agency and advisory in property purchases, and that they have experience in setting up property companies and holding companies, and related activities. They have to be legally qualified and chartered for handling sales of commercial and domestic property, ships and automobiles. They should be able to handle all or part of the purchase or sale of real estate.

If you are looking for something for sale in iceland then look for someone that can offer practical assistance in assessing, preparing and realising investments, particularly those involving property purchases. A company that offers comprehensive and flexible range of services will help you to identify and realise some of the many opportunities that are now becoming apparent.