Purchase of a single-family home
Each year, several hundred homes are bought and sold in Tórshavn Municipality and the number of offers listed on the websites of the various estate agents is quite large. However, this market is unfortunately also very unregulated compared to the housing markets in the neighbouring countries. Buyers should investigate the market carefully and wisely select their estate agent.
It is recommended that you investigate thoroughly the condition of the house – preferably with a reputable builder or carpenter – and that you review all liens/mortages on the house that may not be fully disclosed.