Society
At Least 35,000 New Apartments Needed in the Next Ten Years
Iceland needs to build 3,500 to 4,000 apartments a year in order to stabilize the housing market, RÚV reports. The last few years have seen
Larissa Kyzer
May 7, 2022
apartments
Culture
Building Blocks
“Our city belongs to all of us. It’s so much more than a collection of buildings.” To architect Jórunn Ragnarsdóttir, a city is an organic entity, a collaboration between the architects who design its buildings and the inhabitants who populate them and traverse the streets between them. Jórunn is one of Iceland’s most respected architects […]
Jóhann Páll Ástvaldsson
January 31, 2022
Business
Apartment Construction Hits 4.5-Year Low
There have not been fewer apartments under construction in the Reykjavík capital area since February 2017, RÚV reports. If the trend continues, housing prices will
Jelena Ćirić
September 30, 2021
Business
One-Third of Apartments Selling Above the Asking Price
About a third of apartments in the Greater Reykjavík area are selling above the asking price, with the asking price for single-family homes having risen
Ragnar Tómas
August 13, 2021
Business
Major Rent Decrease for Bjarg Tenants
The Bjarg íbúðafélag housing association will be lowering the rent for a number of tenants by as much as ISK 35,000 [$280, €238] a month,
Larissa Kyzer
July 21, 2021
Business
30,000 New Apartments Needed to Meet Demand
An estimated 30,000 new apartments are needed in Iceland over the next decade to meet expected demand. Despite a record number of apartments having been
Ragnar Tómas
May 28, 2021
Politics
Interest-Free Loans for First-Time, Low-Income Buyers
If passed, a new bill would see the Icelandic government provide low-income buyers interest-free loans of 20% of the purchase price of their first apartment,
Larissa Kyzer
June 12, 2020
Society
First-Time Home Buys at a Ten-Year High
First-time apartment purchases have gone up more in Iceland since 2009 than any other kinds of purchase, RÚV reports. The percentage of first-time home buyers
Larissa Kyzer
August 9, 2019
Society
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
Larissa Kyzer
May 23, 2019
x News
Luxury apartments in Downtown Reykjavík Remain Unsold
Housing construction in Reykjavík has not been according to demand for the past few years, according to Minister of Finance Bjarni Benediktsson, RÚV reports. Bjarni
Gunnar Jónsson
February 4, 2019
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