A Grapevine service announcement Pay attention: The Holuhraun eruption is at it again
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2,500 New Apartments To Be Built In Reykjavík By 2018

2,500 New Apartments To Be Built In Reykjavík By 2018

Published February 7, 2013

The City of Reykjavík has mapped potential areas within the downtown area for the construction of 2,500 new apartments in the next 3 to 5 years, with an expected 14,500 new apartments to be built by 2030.
City Council Chairman Dagur B. Eggertsson is heading the group that has been assessing the possibility of building more residential apartments in the city, a project that has been ongoing for the past two years, Vísir reports.
“Firstly, a new master plan is being developed in the city, as it is clear that this is needed. Second, the City Council agrees that we need a new housing policy that focuses on more diverse and secure housing, primarily rental housing and residential apartments. Thirdly, the focus will be on how people get around, we’re interested in trying to reduce the operating costs of households by enabling people to live where they can enjoy reduced transportation costs,” said Dagur.
The effort to reduce transportation costs will be achieved through developing new rental residences with limited parking spaces available, thereby encouraging tenants to make use of public transit or other alternate means of transport
Dagur emphasizes that the new housing developments will not guarantee that rental prices will fall throughout the city, however he is hopeful that developing the rental market will create a balance among the residences available. It is further hoped that introducing new residential property in Reykjavík will help the city avoid a housing bubble, as renting or owning a property in the city center is currently very expensive and the costs are only increasing.


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Most Icelanders Not Happy With Summer Of 2014

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In terms of the weather alone, most Icelanders have been unhappy with this past summer, with one notable exception. According to a new poll from Market and Media Research, only 45.4% of Icelanders nationwide have been satisfied with the weather this past summer. This is up slightly from 44.9% for the summer of 2013, but way down from 96.3% for the summer of 2012. The trend can be attributed to what have been relatively cool, cloudy and rainy summer both this year and last, while the summer of 2012 was decidedly warmer and sunnier. Regionally, not all Icelanders were of

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Two women were first harassed and then assaulted in downtown Reykjavík in the early hours of Saturday 30th August. A man started accosting them in Hverfisgata, outside Bar 11, at about 4.45am, in both Icelandic and English. When his drunken advances failed, he started following and aggressively coming on to the two, resulting in him being slapped. He then attacked both women, hospitalizing one with facial cuts and two black eyes. One of the women was artist Rosalie Smith, who was on her last night in Iceland and has now returned to the United States. She has sent out a

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Holuhraun: 4 Square Kilometres Of Lava

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Union Official Worried About Tourism Industry Workers

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The managing director of one of Iceland’s largest trade unions says they are “extremely worried” about workers in the tourism industry. “We are extremely worried about [workers within] this field,” Drífa Snædal, the Managing Director of the Federation of General and Special Workers in Iceland (SGS), told Vísir. “If Iceland intends to build up the tourism industry, it will have to really clean house.” Drífa says that unions around the country have had to deal with reports of employees filing grievances, mostly about being paid unfairly. “There are two types of groups within the tourism industry,” she said. “Those who

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Faroese Ship Bids Iceland Adieu

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