That year, just under 490,000 tourists arrived to bathe in Iceland’s hot springs, hike on its glaciers and marvel at its dramatic scenery. In 2017, the figure had risen to 2.3 million. Surely, worried locals wonder, something’s got to give? In Reykjavík, it’s the housing market. Almost all visitors to Iceland spend at least one night in the capital, and with hotel rooms in short supply, apartments that were once let to locals are now filled with foreign visitors.