Inside An Icelandic Holiday Home
Kanebridge News
Share Button

Inside An Icelandic Holiday Home

With front row seats to a rare sight: greenery.

By J.S. Marcus
Fri, Oct 1, 2021 4:25pmGrey Clock 4 min

With its waterfalls and glaciers, Iceland offers views that are hard to beat. But Tina Dico and Helgi Jonsson managed to do just that with their new holiday home, built on a lot where the view is made even more spectacular by a rare bit of greenery.

Less than an hour’s drive from the couple’s main house in greater Reykjavik, their half-acre property above Thingvallavatn, one of Iceland’s largest lakes, has a clear sight of Skjaldbreidur, a 3,500-foot mountain formed by an extinct volcano, and, just beyond, the top of the Langjökull ice cap, Iceland’s second-largest glacier. But what sealed the deal was a number of spruce, pine and birch trees.

“When you’re used to having no trees around, which is pretty much how it is here in Iceland, this place is like walking into a green haven,” says Ms. Dico, a 43-year-old Denmark-born singer and songwriter.

Ms. Dico, who performs under the name Tina Dickow in her native country, and her husband, a 41-year-old Icelandic musician and painter, bought the property in 2013, not long after she relocated to the subarctic island. They paid US$226,800 for the property, which came with a 500-square-foot, A-frame house dating to the 1970s. Ready to take advantage of recent zoning laws allowing larger buildings, they decided to replace the structure with a 1,600-square-foot, three-bedroom home that has one full bathroom and a second-story sleeping loft. It also features a deep bathtub in the main living area that converts into a daybed. The couple share the house with their three children: Emil, 9, Jósefína, 7 and Theodór, 4.

The couple worked with KRADS, an architecture studio with partners in Reykjavik and Copenhagen, but, aided by their families, they ended up building a large part of the house themselves. The couple estimate that they saved up to US$156,400 by doing everything from applying the facade’s Siberian larch cladding to putting up their own doors.

Construction started in 2015, and the home was completed in mid-2020.

Iceland, with its rapidly decreasing glaciers and rising sea levels, is on the front lines of climate change, and there is no bigger story for the country, says Mr. Jonsson.

The Langjökull ice cap, whose peak is visible from the family living room, is getting smaller, like so many of Iceland’s glaciers. Mr. Jonsson compares it to the current state of a glacier in southeast Iceland, where he took childhood hikes. “It used to take 10 minutes to get to the edge of that glacier,” he says. “Now it takes an hour.”

Issues related to sustainability and the project’s carbon footprint were on the couple’s minds when they planned the house.

Instead of just tearing down the original A-frame, which was in still in good condition, the couple gave it away. It is now being used as a guesthouse by the father of one of their contractors, who had it lifted by crane and then transported by flatbed truck.

They also opted for an environmentally friendly sod roof, which, says their architect, KRADS founding partner Kristján Eggertsson, is more expensive to build. The packed soil, he says, “filters impurities out of the rain water before it returns to the ground.”

The house is close enough to their main home—a 5,000-square-foot four-bedroom equipped with a recording studio—for a quick day trip, but offers a radical change of scenery.

In the summer, lush moss adds to the area’s otherworldly greenness. “But it’s even more amazing in the wintertime,” says Ms. Dico, when there is more snow than in the coastal region, where they live.

The icy country roads and deep snow can make it difficult to get to, she says, but the family doesn’t hesitate to make the trip to enjoy atmospheric nesting.

When the children are older, Ms. Dico says, she plans to take advantage of their access to Skjaldbreidur—which she calls “the old volcano across the lake”—and take up cross-country skiing and winter hiking.

For now, “We do a lot of sleighing and drinking hot cocoa, while enjoying the view, the peace and the fireplace,” she says.

The couple is busy recording an album—their first since building the holiday house—and they are taking stock of how the new refuge may affect their creativity. Ms. Dico is looking forward to a double-dose of artistic stimulation. She says the drive to the house goes through a typically treeless stretch of landscape, which she likens to being on the moon, then ends at what she describes as the home’s fairy-tale setting. “It’s all just incredibly inspiring,” she says.

Reprinted by permission of The Wall Street Journal, Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: September 29, 2021.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
Why more Australians on high incomes are renting
By Bronwyn Allen 26/04/2024
Property
How much income is required to service a mortgage? It depends on where you live
By Bronwyn Allen 25/04/2024
Property
A Dramatic London Home in a Former Chapel That Starred in ‘Call the Midwife’ Is Renting for £39,000 per Month
By LIZ LUCKING 24/04/2024
Why more Australians on high incomes are renting

This may be contributing to continually rising weekly rents

By Bronwyn Allen
Fri, Apr 26, 2024 2 min

There has been a substantial increase in the number of Australians earning high incomes who are renting their homes instead of owning them, and this may be another element contributing to higher market demand and continually rising rents, according to new research.

The portion of households with an annual income of $140,000 per year (in 2021 dollars), went from 8 percent of the private rental market in 1996 to 24 percent in 2021, according to research by the Australian Housing and Urban Research Institute (AHURI). The AHURI study highlights that longer-term declines in the rate of home ownership in Australia are likely the cause of this trend.

The biggest challenge this creates is the flow-on effect on lower-income households because they may face stronger competition for a limited supply of rental stock, and they also have less capacity to cope with rising rents that look likely to keep going up due to the entrenched undersupply.

The 2024 ANZ CoreLogic Housing Affordability Report notes that weekly rents have been rising strongly since the pandemic and are currently re-accelerating. “Nationally, annual rent growth has lifted from a recent low of 8.1 percent year-on-year in October 2023, to 8.6 percent year-on-year in March 2024,” according to the report. “The re-acceleration was particularly evident in house rents, where annual growth bottomed out at 6.8 percent in the year to September, and rose to 8.4 percent in the year to March 2024.”

Rents are also rising in markets that have experienced recent declines. “In Hobart, rent values saw a downturn of -6 percent between March and October 2023. Since bottoming out in October, rents have now moved 5 percent higher to the end of March, and are just 1 percent off the record highs in March 2023. The Canberra rental market was the only other capital city to see a decline in rents in recent years, where rent values fell -3.8 percent between June 2022 and September 2023. Since then, Canberra rents have risen 3.5 percent, and are 1 percent from the record high.”

The Productivity Commission’s review of the National Housing and Homelessness Agreement points out that high-income earners also have more capacity to relocate to cheaper markets when rents rise, which creates more competition for lower-income households competing for homes in those same areas.

ANZ CoreLogic notes that rents in lower-cost markets have risen the most in recent years, so much so that the portion of earnings that lower-income households have to dedicate to rent has reached a record high 54.3 percent. For middle-income households, it’s 32.2 percent and for high-income households, it’s just 22.9 percent. ‘Housing stress’ has long been defined as requiring more than 30 percent of income to put a roof over your head.

While some high-income households may aspire to own their own homes, rising property values have made that a difficult and long process given the years it takes to save a deposit. ANZ CoreLogic data shows it now takes a median 10.1 years in the capital cities and 9.9 years in regional areas to save a 20 percent deposit to buy a property.

It also takes 48.3 percent of income in the cities and 47.1 percent in the regions to cover mortgage repayments at today’s home loan interest rates, which is far greater than the portion of income required to service rents at a median 30.4 percent in cities and 33.3 percent in the regions.

MOST POPULAR

Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
Nine-Figure Home Sales Are Skyrocketing. ‘Soon $100 Million Will Be $200 Million.’
By E.B. SOLOMONT 04/02/2024
Money
Bank of Japan Raises Rate, Halts Emergency Policies
By MEGUMI FUJIKAWA 21/03/2024
Money
Picasso, Monet, Warhol, Basquiat, and Richter Lead Artists Powering the US$1 Million-Plus Market
By ABBY SCHULTZ 24/12/2023
0
    Your Cart
    Your cart is emptyReturn to Shop