House on 17 Pristine Acres in Iceland
$ 1 MILLION (125 MILLION KRONUR ICELANDIC)
The farmhouse has three stories outside Reykholt, a small village in the Haukadalur geothermal valley in Iceland, about 70 miles east of Reykjavik.
The property was built in 1958 to build two families, and the property is located on 17 acres upland with majestic views of nearby mountains, glaciers, geysers and winding River Tungufljot, said Asdis Osk Valsdottir, a broker with Husaskjol Real Estate, a has his list. In 2015 the main 10 bedroom hotel was refurbished with accommodations for 24 guests.
Most of the stables building near 2,479 sq. Ft., Around 1960, was converted into a bar with bathrooms, bathrooms, laundry, storage facilities and showers. Stables remain for up to 18 horses.
Kjarnholt III called a horse farm that was once operating on the ground, the concrete house is 3,257-foot square and has a metal roof. A short staircase leads to a second floor entrance which opens to a foyer with more stairwells on the right. The central kitchen of the spacious kitchen and bathroom on the right, and two living rooms with large windows on the left. There are two bedrooms at the end of the hall.
The kitchen is licensed as a commercial kitchen with Franke sink, Siemens oven and solid Icelandic stone countertops. The floors are oak. Many of the town's furniture, which is rusty and includes some antiques, is included in the requested price, Ms. Valsdottir.
A concrete staircase with an ornamental metal railing climbs to the third floor with five bedrooms and a bathroom. There is a balcony from the central hall and from the storage of the attics above. The floors are oak, and there is an Italian tile in the bathroom. The lower level of the town has three bedrooms with glossy and lacquered concrete floors, a bathroom, and storage and utility rooms. A sauna and shower room opens with three stalls to an outdoor hot tub with stone pavers.
The sprawl property is “organized as a business and service,” according to the listing, and approved plans for up to 14 small houses on the land. The rest of the stables could also be converted into residential space, said Ms. Valsdottir.
Kjarnholt III is located in the a geothermal area of Haukadalur Valley, adjacent to a number of key sites on the Icelandic Golden Circle tourist route, including Gulfoss Falls, Thingvellir National Park (Unesco World Heritage) and Geysir, a large, largely inactive spring. that is the basis of the word geyser. ”Strokkur, another nearby geyser, discusses every five to 10 minutes and can be seen from the home kitchen window, Ms. Valsdottir.
Skalholt, a religious site dating back millennium, is about 15 miles southwest. Other attractions in the area include thermal baths, hiking trails, golf courses, river rafting, swimming pools and many lakes with recreational activities. A famous grocery store and restaurant, Frimmer, is in the small village of Reykholt, about 10 miles away. The nearest international airport is in Keflavik city, about 90 miles west. Reykjavik, the capital of Iceland and the largest city of about 130,000 inhabitants, has only an inland airport located 70 miles west of the property.
An island nation close to the Arctic Circle with about 339,000 residents, house prices have boomed in recent years in Iceland, due to a strong economy and partial housing shortages. But the market has been cooling since 2017, brokers said.
“I don't think there's a boom,” said Jason Kristinn Olafsson, a broker with Real Estate Miklaborg. “Prices rose sharply from 2011 to 2017, but have since stabilized.”
According to a January 2019 report from Arion Bank based in Reykjavik, housing prices in areas adjacent to the capital increased by 18.9 per cent year on year in 2017, but 6.2 per cent in 2018, a trend that is expected to grow slower. increase population and housing supply.
The driving force behind the growth in supply in 2018 was the construction of a house in municipalities located within a 45 minute drive of the capital, in accordance with the Arion Bank report.
Low interest rates on household loans are helping to offset Reykjavik's acute housing prices and attract more buyers into the market, said Ms. Valsdottir. “There are also more first time buyers,” she said. “In 2009, first-time buyers accounted for 7.5 per cent of all buyers. Now they are 27.7 percent. ”
House prices in the Southern Region in Iceland usually account for about 70 per cent of those in Reykjavik for comparable properties, said Mr Olafsson.
Ms. Valsdottir that a house in Selfoss, a town where about 7,000 inhabitants are located about 36 miles east of the capital, could sell for 40 million to 50 million kronur ($ 320,000 to $ 400,000), the same as a three bedroom apartment. Reykjavik.
“Many young families, and even older people, tend to move outside the capital area for housing better suited to their better needs,” she said.
Who buys in Iceland
A price has been requested by most of Southern Southern vacation homes or holidays of 20 million to 30 million kronur ($ 160,000 to $ 240,000), Ms. said. Valsdottir. However, foreign home buyers tend to seek property in Reykjavik, although some are searching for land outside the capital.
Foreign buyers usually come from the European Union and from the United States, brokers said.
Mr Olaffson said the number of Americans interested in buying a house in Iceland is increasing.
Introduction to Purchasing
With the exception of European nationals, Iceland buyers in Iceland must apply for government permission to buy property, which is normally granted, by Ms. Valsdottir.
With the exception of a number of nominal fees, stamp duty is the majority of final costs for home buyers, while first time buyers pay 0.4 per cent of the value of the home's real estate appraisal and other purchasers pay 0.8 per cent, Ms. Valsdottir.
The cost of stamp duty for a typical house is 250,000 to 375,000 kronur ($ 2,000 to $ 3,000), Mr Martin said. buyer and seller.
Home loans from Icelandic banks are available to home buyers living and working in Iceland, said brokers. Banks usually give 80 to 85 per cent of the purchase price, Mr Olafsson said.
Languages and Currency
Icelandic; krona (1 krona = $ 0.008)
Taxes and Fees
The annual taxes on this property are currently 587,454 kronur ($ 4,700), Ms. Valsdottir.
Asdis Osk Valsdottir, Husaskjol Real Estate, 011-354-519-2600
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