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Vesturbær is one of the most expensive districts in Reykjavík real estate. [1] The district is home to the University of Iceland, in addition to four grade schools: Melaskóli, Landakotsskóli, Vesturbæjarskóli and Grandaskóli and one junior high Hagaskóli. The district service center is in Vesturmiðstöð on Laugavegur.
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
Taxes in Iceland are levied by the state and the municipalities. [1] Property rights are strong and Iceland is one of the few countries where they are applied to fishery management . Taxpayers pay various subsidies to each other, similar to European countries that are welfare states , but the spending is less than in most European countries.
The firm provided a range of complementary financial services in three units, Capital Markets, Real Estate Investment Advisory and Avant Asset Financing, a wholly owned subsidiary of Askar Capital. [3] Askar Capital was the only Icelandic bank to experience losses from structured investment vehicles originating in the United States. [4] [5]
Businessman Aron Karlsson was sentenced to 2 years in prison by the District Court of Reykjavík for committing fraud in real estate dealings. Aron was made to pay a total of 160–162 million ISK with interest to Arion Bank, Glitnir's winding-up board and Íslandsbanki in addition to all legal costs. The 96–97 million ISK profit of the fraud ...
Iceland's stock market, the Iceland Stock Exchange (ISE), was established in 1985. [147] Iceland is ranked 27th in the 2012 Index of Economic Freedom, lower than in prior years but still among the freest in the world. [148] As of 2016, it ranks 29th in the World Economic Forum's Global Competitive Index, one place lower than in 2015. [149]
Excellion has advised and invested in companies and assets based in the UK, Germany, France, Poland, USA, Iceland, India and Israel. Since early 2013, Stafler is the group’s sole CEO. He now leads the firm’s real estate activities together with Ashley Marks. [5] [6]