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The newly released monthly report of the Ministry of Economy, Housing and Infrastructure Agency, said that the rental price index in June was 116.1 points, up 2.5% month-on-month. Since March, rental prices have increased by 7.4%.
It also noted that the rental price index rose by 13% between June 2023 and 2024.
“In comparison, inflation was 5.8% over the same period and the house price index rose 9.1%.” “Last year, rental prices rose 6.8% compared to the overall price level and 3.6% compared to apartment prices,” the report said.
Down
Pressure on the rental market is likely to ease in the coming seasons due to a decline in tourism in Iceland, the report said.
The number of registered overnight stays in the first five months of this year was 2.7 million, compared with 2.94 million in the same period last year.
The full report can be read today in Morgunblaðin.
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