From Reykjavik’s modern architecture to remote cabins overlooking volcanic landscapes and glaciers, property for sale in Iceland appeals to a growing segment of international buyers. With a stable economy, low crime rates, and unparalleled natural beauty, Iceland offers a rare blend of privacy, sustainability, and lifestyle investment.
However, buying property in Iceland — especially as a foreign national — involves careful planning, local expertise, and legal compliance. At Fraser Bond, we guide international clients through every stage of the acquisition process, from property search to legal transfer, offering complete peace of mind in this unique market.
Access to geothermal hot springs, national parks, Northern Lights, and glaciers
Low population density and strong environmental protection laws
Clean air, fresh water, and renewable energy infrastructure
One of the world’s most politically and economically stable nations
Transparent land ownership rights and efficient legal processes
Ideal for nature lovers, wellness seekers, digital nomads, and retreat investors
Year-round adventure tourism, from skiing and whale watching to hiking and hot spring bathing
High demand for unique short-term rental properties near Reykjavik or natural landmarks
Limited supply of land and properties enhances long-term value
May purchase property in Iceland without restrictions
Must apply for a permit from the Ministry of Justice
Approval typically granted if:
The property will be used as a primary residence
The buyer intends to establish permanent residency or business
The property contributes to local community or economic development
Fraser Bond works closely with Icelandic legal partners to assess eligibility, manage documentation, and support non-EEA clients through the approval process.
| Property Type | Typical Location | Use Case |
|---|---|---|
| Urban Apartments | Reykjavik, Akureyri | City living, long-term rentals |
| Detached Homes | Suburbs or smaller towns | Family residences or expat relocation |
| Rural Cabins / Lodges | Golden Circle, South Coast, Westfjords | Holiday use, nature retreats, short-term rentals |
| Commercial Properties | Reykjavik, tourism corridors | Hotels, guesthouses, eco-tourism |
| Land Parcels | Varied rural locations | Development, agriculture, off-grid living |
Capital city and cultural heart of Iceland
Strong rental market and well-developed infrastructure
Ideal for apartments and luxury residences
Iceland’s second-largest city
More affordable than Reykjavik, with access to ski resorts and fjords
Areas near Þingvellir, Gullfoss, and Geysir
Popular for eco-lodges and short-let holiday homes
Remote, wild landscapes — perfect for retreat buyers or eco-tourism ventures
Required for any financial or property transaction in Iceland
Fraser Bond can assist with application preparation and translation
Your Icelandic solicitor performs title checks and drafts a purchase agreement
Buyer typically pays a 10–20% deposit upon signing
Final signing takes place at the notary office
Ownership is registered with the Icelandic Land Registry
| Expense | Approximate Rate |
|---|---|
| Property Transfer Tax | 0.8% of purchase price |
| Legal Fees | 1–2% |
| Estate Agency Fees | Typically paid by seller |
| Annual Taxes | Property tax (Fasteignagjöld), varies by municipality |
Fraser Bond acts as your international property advisor, helping you source, vet, and secure the most suitable Icelandic property for personal use or investment.
Access to on- and off-market listings across Iceland
Guidance on permit eligibility and legal structuring
Introduction to bilingual notaries, lawyers, and mortgage advisors
Advice on short-term let potential, renovations, and land use
Support for relocation, visa, and banking setup
Whether you're acquiring a Reykjavik apartment, building an eco-retreat, or investing in tourism assets, Fraser Bond ensures a secure, efficient, and compliant acquisition process.
Buying property in Iceland is a rare opportunity to secure a home or investment in one of the world’s most stunning and stable environments. While the market is tightly regulated, buyers who approach it with expert support can enjoy substantial lifestyle and financial rewards.
Fraser Bond is your trusted partner in the Icelandic property market. From legal navigation to local insight, we provide the full-service support needed to buy with confidence.
Contact our team today to begin your Iceland property search or request a personalised consultation.
