Saturday, 16 April 2011

Mortgage Comparison: Iceland: Reykjavík vs Norway: Oslo!

And heres today's daily fix of mortgage comparisons! Giving you an idea of mortgage comparisons accross the globe ;D

Now here we have Iceland, the city of Reykjavík!,
Reykjavík is the capital and largest city of Iceland. Its latitude at 64°08' N makes it the world's northernmost capital of a sovereign state. It is located in southwestern Iceland, on the southern shore of Faxaflói Bay. With a population of around 120,000 (and over 200,000 in the Greater Reykjavík Area) it is the heart of Iceland's economic and governmental activity.


Average House Price: $47,900
Average Mortgage:  $67,200


VS 


And here we have Norway, the city of Oslo!
Oslo is a municipality, as well as the capital and largest city in Norway. Oslo was established as a municipality on 1 January 1838. Founded around 1048 by King Harald III "Hardraade" of Norway, the city was largely destroyed by fire in 1624. The Danish–Norwegian king Christian IV moved the city, rebuilding it closer to Akershus fortress, as Christiania (briefly also spelt Kristiania). In 1925, the city reclaimed its original Norwegian name, Oslo. The diocese of Oslo is one of the five original dioceses in Norway, which originated around the year 1070.


Average House Price: $70,000
Average Mortgage:  $82,200

So theres the facts guys, Iceland is more expensive to live! considering the economy aswel I'd personally go for Norway. How about you? ;D

23 comments:

  1. i love scandinavia
    so norway =D

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  2. Iceland looks pretty sweet but Norway would be pretty awesome. I think I'd choose Norway.

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  3. They both look like beautiful places but I think I'll go with Norway since I like the scenery better :D

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  4. I'm ok with you buying me property either of these places :)

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  5. lol wtf that is soo cheap. i would totally buy a house for 50k

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  6. Wow. I wouldn't want to live in Iceland !

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  7. wow thats really interesting! good to know! nice blog, followed.

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  8. Looks like great places to live but i agree Iceland is filled of Nothing and BJORK so the choice is easy Norway FTW

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  9. both are oh so cheap compared to where i live. wouldn't mind living in either of those places, too.
    +followed

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  10. I'd go for Norway too. Would like to visit Reykjavik one day though.

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  11. I'd choose iceland! Because I love hot springs :)

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  12. Yeah i'd say the same, i don't think i'd enjoy living in Iceland.

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  13. Hard choice. Norway seems like an amazing country, but I'm a skier and I've heard Iceland has some good ski terrain. Also, Reykjavík looks like a beautiful city.

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  14. norway all the way! but i'd love to see iceland!

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  15. Norway for sure, Iceland is in a pickle due to the economic crisis so it will take them a good while to be a good place to be.

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  16. I heard Iceland isn't doing to well, so yea Id go with Norway.

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