The plot, which is not accessible by road, is 1,900 hectares [4,695 acres] and therefore covers almost the entire fjord.
According to data from the National Register of Iceland, purchase prices fell by around .1% in March, while rental prices went up by 2.1%.
Apartment prices are rising more than twice as fast in the countryside as in the Reykjavík capital area.
Prices for apartment in the capital area are expected to rise an average of eight or nine percent annually in the coming years, according to an economist at Landsbankinn.
The time of sharp real estate market growth in Reykjavík is over, according to a report released yesterday by Landsbankinn bank.
Real estate prices in the Reykjavík capital area fell around 0.7 percent between months at the end of last year.
The Housing Financing Fund (HFF) released a monthly report today stating 72 percent of apartments in the Reykjavík capital area sold for less than the asking price.
An equal number of tourists in the Reykjavík capital area may be staying in homestays such as Airbnb as in hotels.
A new poll conducted by the Housing Financing Fund (Íbúðalánasjóður) suggests that the number of homeowners in Iceland is rapidly decreasing.
The National Registry of Iceland this week published its latest figures on the housing market, which showed a huge jump in house prices between February and March.
An Icelandic construction company is offering ten apartments for sale, where the buyer will only need to provide a five percent down payment.
The price of real estate in Iceland could go up by as much as 30 percent in the next three years, according to a new forecast from Arion Bank.
British billionaire Jim Ratcliffe has purchased the majority of the land of Grímsstaðir á fjöllum, Northeast Iceland, located in the highlands north of Vatnajökull glacier.
Real estate prices in the Reykjavík capital area have gone up by 13.6 percent in the past 12 months.
An amendment to construction regulations, signed yesterday, is a major step toward reducing construction costs and slowing down property price increases.
Ásmundarsalur, a building on Freyjugata, Reykjavík, which houses the art collection of the Icelandic Confederation of Labor (Listasafn ASÍ), is for sale.
Real estate prices in the capital area continue to rise, according to an economic report from Landsbanki.