January 20, 2005 - Iceland Review Skip to content

January 20, 2005

Demand in Housing Brings Illegal Workers

ASI, the Workers Union, states that a shortage of skilled builders coupled with the enormous expansion in the area around Reyjavík has brought up to 1000 illegal workers in the construction industry.

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Cost of Apartments Rising Quickly

Íslandsbanki reports that last year the cost of apartments in Reykjavík increased a staggering 25%. Further, they believe that the cost will continue to rise at the same rate, possibly at a higher rate.

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