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Iceland's frozen assets

Cutting edge, cool and now very affordable - thanks to the credit crunch

November 12, 2009 11:47
Old Geysir: the lunar-like landscape of the hot spring located in Iceland’s so-called Golden Triangle

ByAnthea Gerrie, Anthea Gerrie

4 min read

Their banks may have hammered our pension funds,  but Icelanders are giving something back this year — at least to visitors. This fascinating land of geysers and volcanoes, which has also carved an urban reputation for hot clubs, cool bars and cutting-edge design is now at its most affordable in a decade. 

Devaluation — theirs — plus low-cost flights make this a great time to discover Reykjavik, the most northerly capital in the world, as well as the natural wonders of the nearby Golden Triangle.

Not that you would identify this motley collection of gaily-coloured tin-roofed buildings as a capital at first sight. 

Reykjavik today is almost as tiny, laid-back and villagey as when I was sent to knock on the door of the parliament 20-odd years ago and ask if the president could come out for a chat.