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PostPosted: Mon May 06, 2019 07:47    Post subject: Teuvo Teravainen Youth Jersey Reply with quote

In real terms the first quarter 2010 for the real estate in Iceland has seen some of the worst performances ever. The reason for this horrible performance by the Iceland real estate even going by the international real estate listings all across is that the GDP has come down drastically in the year 2010 quarter 1 by almost 6.5% as compared to the previous year.


The problem with the Iceland real estate for sale started when the Central Bank of Iceland Ryan Kesler Youth Jersey , raised the key policy rates by as much as 18% or 500 basis points. This was done so that the International Monetary fund would give the US$2.1 billion loan, when three of the major banks of Iceland collapsed in a manner of one week. By then, the external loan of Iceland had become really huge and was up by 93% Ryan Getzlaf Youth Jersey , which was a huge debt. At that point of time, the external debt for Iceland was US$118.7 billion. The Iceland real estate listings were further affected in 2009, when the external loan situation worsened for Iceland and became US$ 120.4 billion.


Recovery of the economy is not seen even in the year 2010. This also includes non recovery for the Iceland real estate as a whole. To infuse momentum in the real estate in Iceland Andrew Cogliano Youth Jersey , the policy interest rates have been lowered to 8.5% in June this year. Currently the prices for all Iceland real estate listings estimate that fresh investments won’t be made. In fact the investments in the Iceland real estate as compared with International real estate will see a drop of 27%.


As compared with international rentals tax, Iceland rentals tax is quite low and this is one of the best advantages of buying Iceland real estate. Those that are non residents are only taxed a flat rate of 10% on the rental income that they derive from their investments in Iceland real estate. Since the economy is set to recover in early 2011, this is really to buy the Iceland real estate for sale. Even the transaction costs for buying or selling property in Iceland is extremely low. Even though the buyer pays for all costs in regard to the transfer of the property Cam Fowler Youth Jersey , the transaction costs are a bare minimum at 1.92% – 2.52%.


Currently the average square meter cost for newer flats and condos across the country hover at US$1765 as of the first Quarter in 2010. But the capital city of Reykjavik has taken the worst brunt of the Iceland real estate situation and the prices were hovering at US$ 1780 in March this year. This was even lower than last year.


Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Iceland real estate for sale and Iceland real estate listings. Iceland real estate owners, agents, and developers are encouraged to create an account Corey Perry Youth Jersey , upload an unlimited number of listings, write as much creative property details, include a You Tube property video Rickard Rakell Womens Jersey , and it will be activated as a basic listing for 6 months, free.


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