A lack of available housing in a Westfjords town has led a local company to break ground for its employees.
The newly approved proposal also lays out plans for new public transportation links with Kopavógur, as well as new schools, shops, and services.
According to data from the National Register of Iceland, purchase prices fell by around .1% in March, while rental prices went up by 2.1%.
Kvennaathvarf Women’s Shelter is building 16 apartments which will provide temporary housing for women who are recovering from domestic violence.
The time of sharp real estate market growth in Reykjavík is over, according to a report released yesterday by Landsbankinn bank.
A trial project run by the city of Reykjavík is offering university students housing in an elderly care centre.
An equal number of tourists in the Reykjavík capital area may be staying in homestays such as Airbnb as in hotels.
Increasing housing prices create ideal circumstances for people looking to take advantage of those in need.
A new poll conducted by the Housing Financing Fund (Íbúðalánasjóður) suggests that the number of homeowners in Iceland is rapidly decreasing.
According to a new report from the Red Cross, hundreds of children in Reykjavík grow up in dismal conditions, trapped in poverty.
Yesterday, Prime Minister Sigurður Ingi Jóhannsson and Finance Minister Bjarni Benediktsson introduced a new program called First Home, meant to make it easier for young people to purchase their first home.
The municipal council of Mýrdalshreppur, South Iceland, has banned short-term renting of apartments in Vík í Mýrdal and vicinity.
“I’m not moving one foot before I find a new home,” says Jenný Jóakimsdóttir, a resident of Hafnarfjörður who has been told to leave her apartment within one week, by order of its new owner—a private company owned by the Central Bank of Iceland.
The architect firm Zeppelin would like to design and build practical micro-apartments for young people to purchase.
The cost of rent went up by 40.2 percent from the beginning of 2011 until July 31 this year, according to a new report from the Ministry of Welfare.
Iceland’s society and housing minister says her government is actively investigating implementing new rules to limit rent increases on homes. She says authorities need to react to the problems faced by renters and says she wants to cap rents.