| Iceland’s crisis-management policies are creating the island’s next property bubble less than four years after its banking meltdown threw the economy into its worst recession.
Prices for new homes touched a record last quarter, having surged 40.1% since the final three months of 2010, according to estimates by the National Registry of Iceland in Reykjavik. Average house prices have risen 11.3% since the market bottomed at the end of 2009, according to central bank data at the end of the first quarter...............................................Full Article: Source
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