Photo by Art BicnickThe size of the Icelandic rental market has been severely underestimated, according to a recent report by the Housing and Construction Authority (HMS). A 2024 residential survey by HMS showed that 15 percent of adults in Iceland rented their dwellings. New information highlight a discrepancy in the numbers, showing that only 15 percent of Icelandic citizens occupy the rental market. Additionally, the report showed that foreigners tend to experience more insecurity on the rental market than Icelanders, including high prices, temporary leases, market instability and limited supply of housing. An operational Alþingi task force is currently evaluating possibilities to facilitate the housing market.