News
Iceland May Be Facing Housing Crisis

Iceland May Be Facing Housing Crisis

Photos by
Art Bicnick

Published February 8, 2018

17,000 apartments will be needed in Iceland by the end of 2019, according to a new report from the Housing Financing Fund (HFF), and parliament is struggling to find answers.

Iceland’s housing market was the subject of intense debate in parliament today, RÚV reports. Björn Leví Gunnarsson, an MP for the Pirate Party, cited HFF’s report, pointing out that 17,000 apartments is roughly equivalent to 42,000 people. In real life terms, he said, “We need to build a new Kópavogur and Akranes to meet the gathering demand,” referring to two of Iceland’s largest municipalities.

Numerous other MPs chimed in on the matter, amongst them Minister of Social Affairs Ásmundur Einar Daðason, who said he believes tackling the housing crisis requires long-term planning to prevent a repeat of the extreme ups and downs Iceland’s housing market has experienced over the past two decades.

Guðjón S. Brjánsson, an MP for the Social Democrats, pointed out that this is not just a matter of Reykjavík, either. On the contrary, in many parts of the countryside, no new housing has been built in the past ten years – a point that Left-Green MP Lilja Rafney Magnúsdóttir seconded.

A large part of the problem appears to be a lack of any clear idea when it comes to responsibility. Bryndís Haraldsdóttir, an MP for the Independence Party, raised the question as to why so many ministries have a hand in influencing the housing market, as opposed to there being simply one ministry devoted solely to housing.

In short, members of parliament seem to be in agreement that Iceland is facing a housing crisis and something needs to be done. What, and how, still remain to be seen.


News
Total Of Icelandic Women In Movies Hits Lowest Number Since The 1970s

Total Of Icelandic Women In Movies Hits Lowest Number Since The 1970s

by

From the year 2010, the number of Icelandic movies directed by women has been slowly falling. It currently stands at

News
Weather Warning: More Storms To Come!

Weather Warning: More Storms To Come!

by

Don’t get too used to today’s beautiful sunshine. Wind, rain and snow are about to make a comeback and it’s

News
Truckload Of Pig Parts Blocks Traffic In Iceland

Truckload Of Pig Parts Blocks Traffic In Iceland

by

A trailer full of large pig parts tipped over on Sæbraut this morning, snarling traffic and prompting frustration and amusement

News
Sigur rós Involved In A Lawsuit Over Millions Of ISK Missing From Concert Revenue

Sigur rós Involved In A Lawsuit Over Millions Of ISK Missing From Concert Revenue

by

The 35 million ISK that went missing from the tickets sale of Sigur rós’ Norður og Niður festival were never

News
East Icelanders, Fed Up With Busted Roads, Take Matters Into Their Own Hands

East Icelanders, Fed Up With Busted Roads, Take Matters Into Their Own Hands

by

When national authorities ignored a badly damaged road that has virtually isolated an east Iceland village, these Icelanders decided to

News
North Iceland Earthquakes Increasing In Strength, Still Very Frequent

North Iceland Earthquakes Increasing In Strength, Still Very Frequent

by

The tremors around the north Iceland island of Grímsey have been ongoing for the past few days now, and have

Show Me More!