Iceland Housing Starts
Iceland's dwellings started in 2021 reached an all-time high of 4,338 units. This is an 80.3% increase from 2,406 units in 2020. Increased liquidity and historically low mortgage rates drove housing demand. High demand from first-time buyers and a general shortage of supply also contributed to this growth. Iceland's record low dwellings started was 466 units in 2012 and record high was 4,338 units in 2021.
Yearly Historical Data (2012-2021)
(in units)Iceland Housing Starts : Definition
Iceland dwellings started measures the number of new residential construction projects initiated in Iceland. It counts the initial phase of building a new house or apartment building, signifying the start of residential investment and future housing supply. Calculation involves tracking building permits granted or actual commencement of groundwork for new dwellings across the country.