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AirBnB has increased the price of Reykjavik rent from an average of ~150k p/m (approx $1500USD) to ~250k p/m in two years. 44% of the Reykjavik rental market is
by Sir_Substance 9y ago
AirBnB has increased the price of Reykjavik rent from an average of ~150k p/m (approx $1500USD) to ~250k p/m in two years. 44% of the Reykjavik rental market is on AirBnB[1].
The government passed laws limiting how much a private individual can AirBnB their property, but they forgot to specify which department should enforce the law, so at the moment no one is enforcing it. Things are starting to come to a head.
Keep an eye on us, we're gonna be a tracer bullet for how the rest of the world might react.
[1] https://grapevine.is/news/2017/05/31/90-airbnb-increase-44-of-rental-market-listed/ https://grapevine.is/news/2017/05/31/90-airbnb-increase-44-o...