Country IS Demographics Analytics

Population trends and statistics

Population

Total population

Home Ownership

No data

Percentage of population that owns their home

Household Debt

No data

Household debt as percentage of GDP

Population

Total population

No population data available

Data may be available for other indicators or time periods

Disposable Income

Average disposable personal income

Additional Insights

Expert analysis of Country IS Demographics trends and investment implications

Market Overview

Iceland's demographic trends indicate a modest population growth with significant urban migration, impacting both rental demand and property types. The high rate of home ownership suggests a competitive sales market, while migration trends point to increasing rental opportunities in urban areas. Investors should focus on urban centers for rental properties targeting both young professionals and growing families.

Key Findings

Data-driven insights

•Iceland's population grew from approximately 180,000 in 1960 to over 380,000 by 2023, indicating a steady demand increase in housing.
•The age distribution shows a significant portion of the population under 40, suggesting demand for both affordable housing and family-oriented properties.
•Migration patterns reveal a consistent influx to Reykjavik and other urban centers, with urbanization rates increasing from 50% in 1960 to over 93% by 2023.
•Home ownership rates are relatively high at around 77%, indicating a saturated sales market but strong rental potential in urban areas.

Market Trends

Historical patterns

•Steady population growth with a doubling over 64 years.
•A shift towards urban living, with urbanization jumping by over 40 percentage points.
•Increasing average household debt, reaching approximately 85% of GDP by 2023, highlighting affordability challenges.

For Investors

Actionable takeaways

•Focus on rental properties in Reykjavik and other urban areas to capitalize on urban migration.
•Invest in studio and one-bedroom apartments for young professionals, due to the increasing young adult demographic.
•Consider mid-sized family homes in suburban areas, aligning with the growing family demographic.
•Monitor household debt levels as a risk factor for sales market stability, but an opportunity for rental market growth.

Market Context

Iceland's demographic landscape is characterized by steady population growth, high urbanization, and a challenging home ownership market. These factors create a dynamic environment for real estate investment, particularly in the urban rental sector.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.