Iceland’s Erupting Volcano Is For Sale And Offers Have Been Made

Real Estate

You might not be able to pronounce Iceland’s newest erupting volcano at Fagradalsfjall, but you could potentially own a chunk of it.

According to Icelandic media reports, the area of the eruption on the Reykjanes peninsula west of the capital Reykjavik is on private land owned by a landowners association of about 20 individuals.

The association chairman Sigurður Guðjón Gíslason told Visir the group has received inquiries from realtors and other interested parties with a few offers already on the table.

“This must be the hottest land in the country right now,” he quipped, adding that the group is ready to sell for the right price.

The eruption began in March and has continued for weeks, sometimes sending remarkable fountains of lava into the sky over the largely empty landscape.

The site has attracted a significant amount of hikers, sightseers, picnickers and even the occasional volleyball game set against the dramatic background.

Gislason confirmed that the interest in purchasing the land has come since the eruption began, suggesting potential buyers may be interested in capitalizing on the tourism potential.

Meanwhile, the land owners are investigating improvements to the site, including improved trails, parking and possibly even a new road to greatly reduce the hours of hiking currently required to reach the eruption.

An estimated 75,000 people have visited the site in recent weeks.

Articles You May Like

Dental supply stock rallies on theory RFK’s anti-fluoride stance will prompt more dentist visits
Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
We’re changing our price target on TJX despite the retailer’s light guidance
Top Wall Street analysts are upbeat on these stocks for the long haul

Leave a Reply

Your email address will not be published. Required fields are marked *