housing market
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Foreign Tenants Pay More For Smaller Apartments
Foreign tenants pay 14 percent higher rent than local tenants, despite typically choosing smaller apartments, according to a new report by the Housing and Construction Authority (HMS). A new report finds that foreign tenants tend to rent smaller apartments than locals, yet…
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What The News!? Young Icelanders Keep Living At Home
Breaking news: fewer young adults than ever are living at home with their parents … but also more young adults than ever are living at home? How can that be? It turns out both are true, depending on which age ranges you…
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Well, You Asked: Why Are You All Trying To Move Here?
You asked, so we answered—but not in a nice way. Although, we did have to ask you to ask, so maybe we should stop doing that. How will international flights to Akureyri affect North Iceland? These newly-announced flights surely make it easier…
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Construction Outside Reykjavík Reached Pre-Crash Levels
More apartments are being built outside the capital area now than in 2008, Vísir reports. Most of the construction is currently centered in the South, with over 1,100 apartments now under construction. [su_pullquote]A goodie bag filled with perfect road trip companions now…
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Socialist Party Founder Casts Doubts On Infrastructure Minister’s Housing Bill
Sigurður Ingi Jóhannsson, Minister of Infrastructure and chairman of the Progressive Party, presented a bill yesterday which aims to improve housing security and the legal position of tenants. Vísir reports on Gunnar Smári Egilsson, the founder of the Socialist Party in Iceland,…
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Icelandic Tenants Association “Demands Answers” From Electoral Candidates
The Tenants’ Association in Iceland says that the local elections in 2022 will most likely revolve around an emergency situation in the housing and rental market RÚV reports. According to a recent survey conducted by the Housing and Civil Engineering Institute, only…
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Reykjavik Among Top Three Cities With Fastest Housing Price Growth In 2017
Reykjavík is third on the list of cities where housing prices have increased the most within the last year, namely by 16.6%, The Guardian reports. According to research by property consultancy Knight Frank published by the British newspaper, only Berlin in Germany…
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Know Your Rights: The Reykjavík Housing Market
It is a well known fact that the Reykjavík housing market is a cruel mess meant to make you hurt. For instance, last month we reported on the 3 immigrants who were paying 210 thousand for shared 8 m2 room and the…
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3 Immigrants Paying 210 Thousand For Shared 8 Square Metre Room
The typical rent prices for a 8 square metre room with two beds and sometimes a wardrobe with access to a shared bathroom and a kitchen is between 55 and 65 thousand ISK a month, according to Halldór Grönvold, deputy director of…
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Rent 14 Square Metre Room For 100,000 – Toilet In The Shower!
Have you ever daydreamed about being able to take a shit in the shower? Well, good news everybody, now you can! A real estate entrepreneur posted on the Facebook group Leiga á Íslandi – Rent in Iceland an ad for a 14…
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Highest Earning Icelandic Airbnber Made 236 Million ISK
According to figures from the newly launched tourism fact database Mælaborði ferðaþjónustunnar, the individual who made the most from renting out apartments through Airbnb profited 236 million ISK over the past 12 months. During the period five individuals made over 100 million…
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90% Airbnb Increase: 44% Of Rental Market Listed
In the last twelve months, Airbnb listings in Reykjavík have increased 90%, and now account for 44% of the properties on the rent market, Visir reports. The figures come from a report by Professor Jeroen Oskam from Hotelschool The Hague in the…
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Construction Crane Numbers Hitting Pre-Crash Levels
The number of construction cranes in Iceland is reaching the record levels of pre-crash 2007, according to figures from the Administration of Occupation, Safety and Health (AOSH). which could suggest an overheating in the housing market. In 2007, 364 cranes were in operation,…
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Political Party Treasurer Crowdfunding First Apartment
The treasurer of the Left-Green Movement has started a crowdfunding campaign to finance the buying of her first apartment. Una Hildardóttir told Vísir that she started the campaign to satirise the absurd difficulties facing young people in the housing market. “I recently…