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Reykjavík, located on on the coast of Iceland, is the country's capital and largest city. Reykjavík has a unique property market due to its small size and strong demand, driven by factors such as tourism, local economic growth, and a relatively stable real estate market.
Reykjavík has experienced growing demand for residential properties, especially in central areas. This is due to factors like population growth, increased tourism, and the growing number of people moving to Iceland for work or study.
Property prices in Reykjavík, particularly in the city center, can be relatively high compared to other areas in Iceland. However, for a capital city, they remain moderate compared to cities like London, New York, or Paris.
Where is Iceland - The Atlantic Ocean borders Iceland's southeast; the Iceland Sea is to the east; the Arctic Ocean is to the north; and Baffin Bay is to the west. The nearest countries are Iceland, east of Iceland in the Atlantic Ocean, and Canada, to the west and across Baffin Bay. Iceland is the world's largest island, and is the largest dependent territory by area in the world. It also contains the world's largest national park.