In an interview with mbl.is Jóhann Már Sigurbjörnsson, chairman of a society for renters in Iceland, expressed his concern over the fact that large entities are steering renting prices; there are examples of prices going up 30% when such entities have overtaken the properties.
Furthermore, due to the immense shortage in available properties, large rental companies have capitalized on the situation according to Jóhann. Another example Jóhann names is that such entities may purchase an apartment way over its market value and let renters pay the exorbitant price through renting.
According to Guðlaugur Örn Þorsteinsson who is the managing director of Leigulistinn, a rental property aggregator, the increased prices have reached a plateau. Salaries have not increased despite the heavy increase in rental prices. People now live in smaller accommodation and in many instances people cannot afford to rent without a flatmate.
In an interview with mbl.is Jóhann Már Sigurbjörnsson, chairman of a society for renters in Iceland, expressed his concern over the fact that large entities are steering renting prices; there are examples of prices going up 30% when such entities have overtaken the properties.
Furthermore, due to the immense shortage in available properties, large rental companies have capitalized on the situation according to Jóhann. Another example Jóhann names is that such entities may purchase an apartment way over its market value and let renters pay the exorbitant price through renting.
According to Guðlaugur Örn Þorsteinsson who is the managing director of Leigulistinn, a rental property aggregator, the increased prices have reached a plateau. Salaries have not increased despite the heavy increase in rental prices. People now live in smaller accommodation and in many instances people cannot afford to rent without a flatmate.
