Published on and written by Cyril Jarnias
Buying a house facing the North Atlantic, with fjords, cliffs, and black sand beaches on the horizon, is a dream for more and more investors. The ICELAND real estate market, however, is very particular: stable, well-regulated, promising in the long term, but demanding from a legal, financial, and… climatic standpoint. This guide aims to provide a clear and practical overview of buying coastal property in ICELAND, based on the most recent market data, regulations, taxation, and coastal risks related to climate change.
Understanding the Coastal ICELAND Real Estate Market
The ICELAND real estate market is often described as stable, transparent, and resilient. After the 2008 crisis, prices rebounded, supported by a strong economy, a high quality of life, massive tourist influx, and a supply limited by strict urban planning regulations. Between 2020 and 2023, residential prices increased by about 8% per year on average, before entering a phase of more moderate growth, around 4 to 7% expected depending on the region.
Nearly two-thirds of the Icelandic population, or between 376,000 and 390,000 inhabitants, live in the capital region.
Inflation is around 4.2% and is normalizing, while the country’s credit rating (A, stable outlook from S&P, an “A” rating also confirmed by Fitch) reflects a diversified economy (tourism, fishing, aluminum, geothermal energy, technology). For an investor aiming for the long term rather than quick speculation, the coastal ICELAND market offers a risk-return profile hard to find elsewhere in Europe, especially for those interested in tourist rentals.
Average Prices and Coastal Market Dynamics
Nationally, the average price is around €4,400 per m² in 2025. In concrete terms, a 100 m² apartment sells for around €440,000. The capital remains by far the most expensive market – new central apartments exceed 1 million ISK/m², with older housing around 900,000 ISK/m² – but several small coastal towns offer more affordable rents and prices with sometimes higher rental yields.
Simplified overview of monthly rents for a modern apartment near the water in key coastal towns (in ISK).
Typical monthly rent for a modern apartment close to the water.
Typical monthly rent for a modern apartment close to the water.
Typical monthly rent for a modern apartment close to the water.
Typical monthly rent for a modern apartment close to the water.
| Coastal Town | 2 bedrooms (near sea) | 3 bedrooms (near sea) |
|---|---|---|
| Reykjavik | ~300,000 ISK | ~400,000 ISK |
| Akranes | ~180,000 ISK | ~220,000 ISK |
| Stykkishólmur | ~150,000 ISK | ~200,000 ISK |
| Húsavík | ~150,000 ISK | ~200,000 ISK (house) |
| Ísafjörður | ~150,000 ISK | ~200,000 ISK |
| Ólafsvík | ~150,000 ISK | ~200,000 ISK |
| Siglufjörður | ~150,000 ISK | ~200,000 ISK |
| Höfn | ~150,000 ISK | ~200,000 ISK |
| Vik | ~150,000 ISK | ~200,000 ISK |
| Grundarfjörður | ~150,000 ISK | ~200,000 ISK |
In Reykjavik, gross yields on apartments range from about 3.9% to 5.5%, with an average close to 4.9%. Nationally, gross residential rental yields are around 5.2%, which remains attractive for a developed market, especially in a context of strong rental demand and growing tourism.
Who Can Buy Coastal Property in ICELAND?
The first question to clarify even before browsing oceanfront house listings: are you eligible to buy, and under what conditions? The legal framework is very precise and depends on your status (EEA/EFTA or not).
Favorable Regime for EEA/EFTA Citizens
Citizens of the European Economic Area (EEA) and EFTA are treated like Icelanders. They can freely purchase property, including coastal property in ICELAND, without special permission, subject to general zoning and urban planning rules.
A simple declaration must accompany the sales contract to confirm that the buyer is indeed covered by the EEA/EFTA agreements (Regulation No. 702/2002). In practice, a French, German, or Norwegian citizen can acquire an apartment with a view of Reykjavik harbor or a house in Vik under the same rules as a local citizen.
Strict Conditions for Non-EEA Buyers
For non-EEA buyers (e.g., Canadians, Swiss outside EFTA, Americans, nationals from Asia or the Middle East), the situation is more regulated. The basic law is the Act on the Right of Ownership and Use of Real Property No. 19/1966 (amended by Act No. 74/2022). It requires obtaining permission from the Ministry of Justice to acquire property.
This permission is generally granted in two main cases: for example, for urgent medical reasons requiring treatment abroad, or for compelling professional reasons like mandatory international training. These situations illustrate the circumstances where an exceptional exemption may be justified.
– Direct use within the framework of professional activity (e.g., tourism operation, local business).
– Close ties to Iceland (marriage to an Icelander, close family, regular long-term stays creating strong ties).
Even with permission, the area of a property is limited to 3.5 hectares, except for a professional project which can reach 25 hectares. Outside a professional framework, a buyer can own only one property in Iceland. Non-EEA nationals can generally only acquire built property with a small plot, often via a long-term lease, not full land ownership. The purchase of agricultural land is strictly reserved for Icelandic citizens.
Since Brexit, British nationals are also subject to this ministerial permission for any purchase after December 31, 2020.
Residence, Kennitala, and No “Residency Passport”
Buying coastal property in ICELAND does not grant any right of residence or citizenship. Even by investing a significant sum in an ocean-view villa, you must follow the standard immigration routes if you wish to live there for more than three months: apply for a residence permit from the Directorate of Immigration, possibly a work permit, etc.
To be considered legally domiciled, you must:
– Obtain a kennitala, the Icelandic identification number.
– Register as a resident with Registers Iceland.
– Have a primary residence address (vacation homes do not allow for legal domicile).
This kennitala is essential for many procedures: opening a bank account, applying for a mortgage, working, health insurance, and tax filings.
The Process of Buying a Coastal House in ICELAND
Once your eligibility is confirmed, the purchase journey follows a fairly standard sequence, but with important Icelandic specifics. The average time to finalize a transaction is from one to three months.
Key Acquisition Steps
The typical process includes several phases:
1. Verify your purchase right and, if necessary, obtain permission from the Ministry of Justice.
The application is made by email or mail, submitting the original purchase contract and, if applicable, official translations if documents are not in Icelandic or English.
2. Obtain your kennitala if you don’t already have one, an essential step for signing, paying, and registering the purchase.
To arrange financing for your project in Iceland, contact local banks such as Íslandsbanki, Landsbankinn, or Arion Bank. If access to Icelandic credit proves too limited, an alternative is to use a loan from your country of origin.
4. Property search via portals like Fasteignir.is, Mbl.is, or Fasteignaleitin, or in collaboration with a local real estate agency (Eignamiðlun, Fold Fasteignasala, Miklaborg, 101 Reykjavík Fasteignasala, etc.).
5. Negotiation and purchase offer, then signing the kaupsamningur (sales contract) with a deposit typically between 5% and 10% of the price.
6. Thorough due diligence on legal, technical, and environmental aspects (see later), to verify title deed, easements, compliance, geological and climate risks, and building condition.
7. Sale closing: final payment, formalization of the transfer deed, then registration with the land registry (Þjóðskrá Íslands). The transaction is supervised by a Notarius Publicus to ensure formal compliance.
Upon effective registration, you become the official owner. At this point, transfer taxes, registry fees, and for non-EEA buyers, final validation by the Ministry, materialized by a signature on the transfer deed, apply.
Transaction Costs to Expect
Ancillary costs are far from negligible but remain moderate compared to some neighboring countries. It is estimated that a buyer incurs between 2% and 6% of the property price in acquisition-related fees, in addition to the sale price.
For a purchase, account for: delivery fees, applicable taxes, product cost, and any additional fees.
| Cost Item | Indicative Level |
|---|---|
| Stamp duty / Transfer tax (buyer) | 0.8% of value (0.4% for first-time buyer) |
| Registry fees (title transfer) | 0.1% of value |
| Notary fees (Notarius Publicus) | ~0.1% of value |
| Attorney fees | 1% to 1.5% (often higher for foreigners) |
| Technical property inspection | 80,000 to 150,000 ISK |
| Ministry of Justice permission (non-EEA) | ~120,000 ISK |
| Agent commission (often paid by seller) | 1.5% to 2.5% of price |
Adding all these lines, the round-trip cost (purchase then resale) of coastal property in ICELAND is generally estimated between 2.4% and 5.2% of the total price, which remains competitive compared to other European markets.
Financing Coastal Property in ICELAND
Financing is one of the most delicate aspects for a foreigner, especially for a vacation home in a coastal area.
Borrowing Conditions and Constraints for Foreigners
Icelandic banks generally require:
– A stable income, ideally in ISK.
– A strong credit history.
– Very often, legal residence in the country and a kennitala.
The loan-to-value (LTV) ratio offered to foreigners for real estate purchase can go as low as 50%, requiring a 50% personal contribution.
Interest rates are relatively high compared to other European countries, even though the Central Bank began a rate-cutting cycle since late 2024. In early 2025, the best rates are around:
| Loan Type | Average Indicative Rate (Jan.–Mar. 2025) |
|---|---|
| Non-indexed variable mortgage | ~9.5% to 10.3% |
| Non-indexed fixed mortgage | ~8.0% to 9.2% |
| Indexed variable mortgage | ~4.0% to 4.9% |
| Indexed fixed mortgage | ~4.35% to 5.1% |
Inflation-indexed loans are predominant in the country (about 60% of the stock), as they offer lower initial payments, but the outstanding principal increases with the price index. For a foreign investor, the combination of a high Icelandic rate and ISK exchange rate risk can heavily impact the project’s overall profitability.
Some pension funds (LSR, Brú, Gildi) offer real estate loans with LTVs up to 65% to 75%. These offers are primarily reserved for residents, who must prove legal domicile and personal use of the property.
Bringing Significant Equity: A Real Advantage
Given these constraints, the foreign coastal buyer is well-advised to:
– Have a substantial down payment, to limit reliance on Icelandic loans.
– Get advice from a local broker to identify institutions open to non-residents.
– Simulate profitability including high rates, potential inflation indexing, and a scenario of gradual rate decreases until 2026.
In the current market, a growing share of transactions seems driven by affluent buyers less dependent on credit, which is particularly true for high-end oceanfront villas or vacation homes in the fjords.
Taxation of Coastal Property in ICELAND
Before succumbing to the ocean view, it is essential to understand the tax framework, both at purchase, during ownership, and upon resale.
Purchase Taxes and Property Tax
Upon acquisition, as mentioned, a stamp duty of about 0.8% of the value applies (0.4% for a first purchase), plus registry fees. Then, each year, municipalities levy a property tax based on the official value of the property.
Municipal rates vary significantly depending on property use:
| Property Type (e.g., Reykjavik) | Indicative Annual Rate on Official Value |
|---|---|
| Residential (primary / secondary residence) | ~0.18% |
| Commercial use (hotels, declared tourist rentals) | up to 1.6% |
For a coastal house in ICELAND used as a secondary residence, one is generally under the residential taxation. However, if you operate the property as a declared tourist establishment (“Class II” accommodation), the property shifts to the commercial category, with a rate potentially reaching 1.6%, which significantly impacts net profitability.
Rental Income and Capital Gains
Iceland applies a rather particular regime on individuals’ rental income. The principle is as follows:
Effective tax rate on gross rent for residential housing rentals, after applying a 50% allowance on a nominal 22% rate.
Non-residents are taxed on income from Icelandic sources, including rents. Upon resale, a real estate capital gain is taxed at 22% on the net gain (sale price – adjusted acquisition cost). However, there is an important exemption: if the property served as a primary residence for at least two years, the capital gain may be exempt. For a secondary coastal residence in ICELAND, this exception applies less often, but a mechanism for deferring the gain into the purchase of a new primary residence may exist under certain conditions.
VAT and Tourist Rentals
Short-term rentals intended for tourists (e.g., Airbnb) are subject to VAT at the reduced rate of 11%, once the activity is deemed commercial. Therefore, it is crucial to clarify your activity status:
Occasional ‘homestay’ type rental (often limited to 90 days per year without a license) is not considered a full-fledged commercial activity and benefits from a lighter regime. In contrast, professional operation (year-round tourist accommodation, multiple properties, associated services) is subject to VAT, registration, and may lead to the reclassification of the property as commercial for property tax purposes.
Tax Regimes for Tourist Rental
Other levies (inheritance tax of 10% above a threshold, etc.) are added, but they concern overall estate planning more than the mere purchase of a waterfront house.
Renting Your Coastal Property in ICELAND
The appeal of the ocean view often goes hand in hand with a rental project: hosting tourists in summer, renting year-round to residents, or mixing both. But the regulatory framework is strict, especially concerning short-term rentals.
Long-Term Rentals: Tight Market, Precise Rules
The Icelandic rental market has grown in importance: the proportion of adult tenants rose from about 13% in 2020 to nearly 16% officially, and could approach 29% if undercounted individuals (mainly foreigners) are included. Rents rise faster than general inflation: in February 2025, the rental index increased by about 10% year-on-year while overall inflation was 4.2%, and in the capital region, rents surged by over 11%.
Long-term rental is governed by a protective framework:
Approximately 70% of leases are indexed to the consumer price index, with regular adjustment.
For an investor wishing to rent their coastal property year-round, the gross yield around 5% (4.9% in Reykjavik) must be compared to high interest rates, and often significant management and maintenance costs on the waterfront (wind, salt, humidity).
Seasonal Rentals and Airbnb: Licenses and Quotas
Tourism is a major driver of demand for coastal property in ICELAND. In destinations like Reykjavik, Vik, Höfn, or Grundarfjörður, Airbnb figures illustrate both the potential and the level of regulation:
| Town / Area | No. of Airbnb Properties (approx.) | Average Monthly Revenue (USD) | Regulation Level |
|---|---|---|---|
| Reykjavik | ~1,985 | ~$3,076 | Moderate |
| Akranes | 22 | ~$4,443 | High |
| Stykkishólmur | 42 | ~$3,648 | Moderate |
| Húsavík | 28 / 20 | ~$3,411 / ~$2,838 | High / Moderate |
| Ísafjörður | 31 | ~$2,123 | High |
| Ólafsvík | 21 | ~$2,766 | Low |
| Siglufjörður | 26 | ~$2,440 | Moderate |
| Höfn | 101 | ~$4,842 | Moderate |
| Vik | 56 | ~$5,078 | Low |
| Grundarfjörður | 59 | ~$4,124 | Moderate |
Key points to remember:
Short-term rentals (less than 90 days/year) from your residence are generally permitted without being considered a commercial activity, but a declaration is often required. Beyond a certain duration or for multi-property operation, a municipal permit and registration with the Icelandic Tourist Office are mandatory. Regulation is stricter in Reykjavik, especially downtown, which strongly limits the number of days and licenses, compared to small coastal towns.
Under these conditions, a coastal investor must choose between:
– Long-term rental, more stable, better regulated but less lucrative.
– Seasonal tourist rental, potentially very lucrative in summer (revenues 2 to 3 times higher than in winter), but subject to licenses, VAT, commercial taxation, and strong seasonality.
Choosing Your Coastal Location in ICELAND
The Icelandic coastline is far from homogeneous: climate, accessibility, tourist dynamism, geological risks, and even sea level rise vary greatly.
Reykjavik: Urban Waterfront and Premium Market
The capital concentrates both local demand and foreign investor interest. It offers a rather rocky coastline, dotted with small beaches, with a subpolar oceanic climate: about -1°C in January, 11°C in July, moderated by the Atlantic. For a waterfront property in ICELAND within Reykjavik, you pay for the rare combination of ocean view, complete infrastructure (Strætó buses, services, schools, hospitals, fiber optics), and strong market liquidity.
Over 85% of housing in the capital region is now valued above 60 million ISK.
Small Coastal Towns: Fjords, Black Beaches, and Opportunities
Around the island, several towns and villages offer very different profiles:
– Akranes (West) – Less than 50 km from Reykjavik via the Hvalfjörður tunnel, alternating sandy coasts and rocks, cool temperate climate. Rents are significantly lower than in the capital, potentially offering better rental yields, but Airbnb regulation is stricter there.
– Stykkishólmur, Ólafsvík, Grundarfjörður (Snæfellsnes Peninsula) – Rocky coasts, views of Snæfellsjökull and Kirkjufell, strong tourism prospects (hiking, wildlife watching), rents around 150,000–200,000 ISK for a modern apartment. Short-term rental regulation is generally moderate, with exceptions in some sectors.
Presentation of key Icelandic towns for tourist rental investment, including demand specifics, regulation levels, and practical considerations.
Iceland’s whale watching capital, on the edge of a bay with spectacular cliffs. Rents are in the same range as those in Stykkishólmur. Strong but seasonal tourist demand.
The level of Airbnb regulation is generally high there, requiring careful prior analysis of licenses before any investment.
– Ísafjörður (Westfjords) – A small town in the heart of the Northwest fjords, known for its spectacular landscapes and relative isolation. Rents remain moderate, sale prices among the lowest in the country, but access can be difficult in winter.
– Höfn (Southeast) – A port town facing the sea and the Vatnajökull glaciers, known for its lobster festival. The coastline there is affected by a rare phenomenon: glacial melting causes the land to rise by over 10 mm per year, so the sea locally “recedes” and ports silt up. For a coastal investor in ICELAND, this inverse dynamic – relative sea level drop – is both an opportunity and a challenge (adaptation of port infrastructure).
The iconic village of Vik, on the south coast, is highly touristic with its black sand beaches and cliffs. It offers some of Iceland’s highest average Airbnb revenues (over $5,000/month) and rather flexible regulation. However, the location exposes it to natural risks like storms and potential coastal flooding.
Rural Areas and Westfjords: Low Prices, Total Change of Scenery
The Westfjords region is known as one of the most affordable for buying in Iceland. In some municipalities, land has even been offered in the past to encourage settlement. You can find fjord-front houses at prices well below those of the capital, but:
– Accessibility is limited, especially in winter.
– Services (healthcare, schools, shops) are farther away.
– Managing a property remotely requires reliable local contacts.
For a vacation home or eco-lodge project on the coast in ICELAND, these areas can be very attractive in terms of purchase price, but require a patient investor profile, able to handle logistics and tolerate lower liquidity upon resale.
Coastal Risks and Climate Change: A Factor Not to Underestimate
Buying on the coast in ICELAND also means taking into account very particular physical dynamics: massive glacial retreat, land uplift, variations in relative sea level, increase in storms, and extreme precipitation events.
Sea Level: A Special Case
Unlike many coastal regions worldwide, Iceland will not see the sea level rise the same way everywhere. Measurements show an increase of about 2 mm/year in Reykjavik, more than half due to land subsidence. In other areas, particularly south of Vatnajökull and around Höfn, glacial melting causes land uplift sometimes exceeding 20 mm/year. Result: relative sea level can locally decrease, causing the sea to “recede” from the land.
Projections indicate that, by the end of the century, considering a global scenario of about 1 meter of ocean rise:
– Areas in subsidence (like Reykjanes or part of the west coast) could experience a relative rise of 40 to 60 cm, or more.
– Regions with strong uplift could conversely see relative sea level drop by 10 cm to 1.80 m.
In other words, the vulnerability of coastal property in ICELAND depends heavily on its precise location and the vertical movement of the ground. Serious due diligence involves consulting risk and elevation maps produced by the Icelandic Meteorological Office and research institutes.
Storms, Erosion, and Geological Risks
Climate change also leads to:
Climate change leads to an increase in extreme weather events (storms, heatwaves) and a likely intensification of precipitation, especially in late summer and autumn. It also causes permafrost thaw, destabilizing slopes and increasing landslides, and may heighten the risk of volcanic eruptions via the unloading of ice caps.
For a house on the coast in ICELAND, these elements translate into:
– Increased risk of coastal erosion and flooding during storms on exposed coasts.
– The possibility of landslides on fjord slopes where ice previously played a “supporting” role.
– Stronger insurance constraints in some sectors, with higher premiums for flood/natural risk coverage.
Potential owners are well-advised to demand geotechnical reports and updated risk maps as part of their due diligence, especially for isolated properties or those near cliffs, unstable slopes, or former glacial fronts.
Due Diligence: Securing Your Coastal Purchase in ICELAND
Iceland has a reliable digital cadastre and a legal system that protects property rights. But this does not exempt the prudent buyer from conducting comprehensive due diligence. This breaks down into three main areas: legal, financial, and physical/environmental.
Legal Verification and Title Deed
The main objective is to ensure the seller has the right to sell and that the property is free of any undeclared encumbrances. Recommended steps include:
Before acquiring a property, rigorous due diligence is essential. It includes an exhaustive title search in the land registry, going back several decades, to verify the complete chain of ownership and ensure the seller’s legitimacy. It is also necessary to check for the existence of mortgages, easements (like a right of way, shoreline access, or buried pipelines), and usage restrictions (e.g., if the property is located in a protected natural area or national park). Finally, checking compliance with the local zoning plan is crucial to understand real possibilities: house extension, building an annex, or conversion to official tourist accommodation.
In some markets, investors have saved tens of thousands of euros by discovering in time a public utility easement or a dispute based on an improperly mentioned servitude. In a coastal context, these elements can be even more structural (shoreline access, dikes, harbor easements).
Realistic Financial Analysis
For a property intended for rental (long-term or tourist), it is crucial to: ensure it meets safety and comfort standards, establish a clear and complete lease agreement, and set a competitive price based on the local market.
Non-indexed nominal interest rates for a real estate investment in Iceland can exceed 8 to 9%.
Modeling tools (like ARGUS or equivalents) can be useful to test different scenarios for rates, occupancy, and nightly rates.
Technical Inspection and Environmental Risks
On the physical side, a thorough inspection should cover:
– Structure (foundations, frame, roofs), with special attention to salt, wind, and humidity which fatigue coastal constructions faster.
– Heating systems: a major asset is connection to a municipal geothermal network, which strongly reduces operating costs.
– Electrical and plumbing installations, especially in frost-prone areas.
– Environmental risk control: potential soil contamination (former industrial sites, gas stations), presence of asbestos or lead in older buildings.
In some cases, an environmental assessment like a “Phase I ESA” may be relevant, especially if the property is near a harbor, former fuel tanks, or industrial activities.
Living or Investing on the Coast in ICELAND: For Which Buyer Profile?
With its combination of economic stability, decent yields, spectacular natural setting, and regulatory constraints, the coastal ICELAND market is not for everyone.
Profiles for Whom the Market is Suitable
This market suits: growth opportunities are numerous.
Real estate acquisition in Iceland is particularly suitable for several specific profiles: EEA/EFTA citizens wanting a luxury secondary residence or long-term pied-à-terre with no speculation intent; investors with local ties, such as an Icelandic spouse or professional activity on-site, enabling them to obtain required authorizations; owner-operators targeting regulated tourist rental in high-demand areas (e.g., Reykjavik, Vik) and willing to comply with licenses, VAT, and regulations; finally, institutional buyers or entrepreneurs ready to create local structures, hire managers, and run the project as a full-fledged tourism business.
Profiles for Whom the Market is Less Suitable
Conversely, the coast in ICELAND is not ideal for:
– Speculators looking for a quick “flip”: price growth is normalizing around 4–7%, transaction costs and taxation eat into short-term gains.
– Those hoping to obtain a right of residence simply by buying: real estate offers no immigration shortcut.
– Non-EEA investors without local ties, who will find access to property and credit very restricted, especially for houses with land.
– Under-capitalized buyers, heavily dependent on leverage, in a country where mortgage rates remain high and expenses can be significant (heating if not geothermal, maintenance, adaptation to climate risks).
Practical Advice Before Getting Started
To realize a realistic and sustainable project of buying coastal property in ICELAND, a few recommendations are in order.
First, take time to stay on-site, especially in winter. The contrast between the mild brightness of summer and the long December nights, slippery roads, wind, and storms is radical. A place idyllic in August may prove difficult to live in come January.
Next, prioritize a solid local team: a bilingual real estate agent, a lawyer experienced in non-resident cases, a technical inspector familiar with coastal climate constraints, and, if the property is isolated, a trusted contact who can intervene in case of emergency (storm, heating failure, leak).
It is also wise to:
Before any investment, it is crucial to: verify the possibility of connecting to a geothermal heating network or, otherwise, establish a precise estimate of energy costs; study natural risk maps (landslides, floods, volcanism) as well as data on vertical ground movements; anticipate rental regulation, particularly for tourist (Airbnb) or hotel operation, by inquiring about day quotas, licenses, VAT, and commercial property tax rates; and finally, maintain rigorous accounting and keep all supporting documents for at least seven years, as required by the Icelandic tax administration.
Finally, keep the legacy dimension in mind: a house on the coast in ICELAND is both a financial investment and a long-term commitment to a territory undergoing full climatic, economic, and social change. Those who succeed best with their project are generally those who approach the market with patience, information, and a clear-eyed view of the relationship between dream and reality.
A French business owner around 50 years old, with financial assets already well-structured in Europe, wanted to diversify part of his capital into residential real estate in Iceland seeking rental yield and exposure to the Icelandic króna. Allocated budget: €400,000 to €600,000, without using credit.
After analyzing several markets (Reykjavík, Kópavogur, Hafnarfjörður), the chosen strategy was to target an apartment or small townhouse in a dynamic neighborhood of Reykjavík, combining a target gross rental yield of 6–7% – keeping in mind that “the higher the yield, the greater the risk” – and medium-term appreciation potential, with a total ticket (acquisition + fees + possible renovations) of around €500,000. The mission included: market and neighborhood selection, connection with a local network (agent, lawyer, tax specialist), choice of the most suitable structure (direct ownership or via local company), and a long-term estate diversification plan.
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Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.
On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.
Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.
