Icy Iceland thaws the pockets of foreign real estate investors

[Nicholas Wallwork]

With its icy landscape and fame attached to its now famous financial collapse, Iceland may not be the obvious target for real estate investors.

But according to property professionals foreign property buyers are looking to the island as prices have plummeted and the native population doesn't have the money to invest.

Alongside its economy, Iceland's real estate market boomed for much of the last decade. Since the economic collapse, however, it has ground to a halt.

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