The move comes as the island’s 335,000-strong population is set to welcome 1.6 million visitors this year – a 29% increase on last year – drawn by the glaciers, fjords, lava fields, hot springs, hiking trails and midnight sun. As the building of hotels struggles to keep pace with tourism growth, many Icelanders are cashing in through Airbnb and other short-term rental websites, especially in central Reykjavík, where the majority of tourists stay. One report estimates a 124% increase in Airbnb rentals in one year, with more than 100 flats available on the capital’s main street alone. The result has been a dramatic increase in house prices in central Reykjavík, and a paucity of long-term rentals. Get the full story at The Guardian