Post by account_disabled on Feb 20, 2024 2:25:55 GMT -6
Tourism in Iceland , an island with less than 400,000 inhabitants despite having an area of 100,000 km2, has reached figures that are becoming a problem for the country's large cities. Experts fear that the rise in prices caused by vacation rentals will end in a real estate bubble, while apartments have already reached prohibitive costs for many Icelanders.
A total of 16 tourists for every local citizen
Last summer, the vacation rental company Holidu Chinese Student Phone Number List published a ranking of the most crowded cities in the world, in which Reykjavík, the Icelandic capital, was in number five with 16 tourists for every citizen. It should be noted that the population of Reykjavík is around 120,000 inhabitants, which places it on par with León.
Despite the exodus that is taking place both in the capital and in other places in the country, where citizens are moving to less populated rural areas, the price of rent remains excessively high even for a population with an average salary of 2,500 euros per year. month , almost double that in Spain.
This portends a real estate bubble for experts, with prices that in Reykjavík can reach 3,400 euros per m2 to purchase a standard apartment. However, these data make buying more interesting than renting for Icelanders, since the latter registers figures inflated by tourism.
Not in vain, rent in Reykjavík is twice as expensive as in Madrid, Lisbon, Rome or Helsinki, and it also far exceeds Paris or Berlin. The average price of a rental is close to that registered in capitals such as London , where it is around 2,100 euros per month .
Reykjavík, the Nordic city with the most Airbnbs
Vacation rentals have not only become a problem for Iceland, but other European cities are suffering as well. However, the island has never been accustomed to this overcrowding, which has intensified in recent years. Airbnb already accounts for 8% of vacation homes in the country, according to data from AirDNA, which analyzes tourist properties.
This percentage makes Reykjavík the Nordic city with the highest number of homes registered on Airbnb, compared to others such as Copenhagen, with 4%, Norway, with 2% or Helsinki, which has 1% of vacation rentals.
A total of 16 tourists for every local citizen
Last summer, the vacation rental company Holidu Chinese Student Phone Number List published a ranking of the most crowded cities in the world, in which Reykjavík, the Icelandic capital, was in number five with 16 tourists for every citizen. It should be noted that the population of Reykjavík is around 120,000 inhabitants, which places it on par with León.
Despite the exodus that is taking place both in the capital and in other places in the country, where citizens are moving to less populated rural areas, the price of rent remains excessively high even for a population with an average salary of 2,500 euros per year. month , almost double that in Spain.
This portends a real estate bubble for experts, with prices that in Reykjavík can reach 3,400 euros per m2 to purchase a standard apartment. However, these data make buying more interesting than renting for Icelanders, since the latter registers figures inflated by tourism.
Not in vain, rent in Reykjavík is twice as expensive as in Madrid, Lisbon, Rome or Helsinki, and it also far exceeds Paris or Berlin. The average price of a rental is close to that registered in capitals such as London , where it is around 2,100 euros per month .
Reykjavík, the Nordic city with the most Airbnbs
Vacation rentals have not only become a problem for Iceland, but other European cities are suffering as well. However, the island has never been accustomed to this overcrowding, which has intensified in recent years. Airbnb already accounts for 8% of vacation homes in the country, according to data from AirDNA, which analyzes tourist properties.
This percentage makes Reykjavík the Nordic city with the highest number of homes registered on Airbnb, compared to others such as Copenhagen, with 4%, Norway, with 2% or Helsinki, which has 1% of vacation rentals.