US EditionFrom Iceland — Houses Are A Better Investment Than Stocks, Says Housing Authority
Summary by The Reykjavik Grapevine
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From Iceland — Houses Are A Better Investment Than Stocks, Says Housing Authority
The Icelandic Housing and Construction Authority (HMS) claims that housing investment offers more gains and fewer risks than purchasing stocks. This is a sign of an abnormal housing market in Iceland, the institution commented in its recent monthly report. In the last 10 years, housing costs have risen more than the domestic share prices, while the average price flux of housing has decreased compared to the average cost of stocks. Since 2015, th…
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