Almost 4,000 New Residences Under Construction Skip to content
Photo: Reykjavík.

Almost 4,000 New Residences Under Construction

A new report published by the National register of Iceland indicates that as of April, 3,839 residences are currently under construction in Iceland, and building permits have been issued for 1,953 more. These were among the figures were published in a recent report by the National Register of Iceland.

The vast majority, or 2,301, of the residences that are under or pending construction will be located in Reykjavík. The town of Njarðvík on the Reykjanes peninsula in Southeast Iceland will have the second most new residences, or 574. The capital-area towns of Kópavogur (492), Garðabær (388), and Mosfellsbær (343) round out the top five. Interesting, perhaps, is the number of places that have five or fewer new residences under construction. Forty-five municipalities, including the islands of Flatey and Hrísey, are building a single new residence; 21, including the island of Grímsey, will have two new residences; seven will have three new residences; eight will have four.

As of April, there were 1,660 private residences under or pending construction throughout the country and 4,132 multi-family buildings. The total number of residences occupied in the country is currently 138,998. This marks a 859-residence increase from December 2018, when there were 138,139 residences occupied throughout the country.

The National Register has been keeping records on the number of residences in the country, but as is visible in the new report, has begun keeping more granular data. Now, it’s possible to see how many total building permits have been issued (indicated in gray on the report) versus how many are actually under construction (green). The Register is also tracking what kind of properties are being built, i.e. multi-family buildings or private homes, as well as the square footage of individual units. The report cannot be considered fully comprehensive, however, because it only reports on properties that have been listed in the property register by each municipality’s building officer.

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