housing
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More Than a Fifth of Icelandic Renters Fear Losing Homes
Iceland’s Housing Finance Fund (HFF) commissioned a study on the housing market that revealed the stark reality many renters face. According to the study, the finer points of which were revealed in a release to the press, only 8% of those currently…
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Iceland’s Economy: Stable, But Vulnerable To Tremors In Housing And Tourism
A new report from the Central Bank on Iceland’s financial stability has been released, and indicates that while the economy is more or less stable, there are some vulnerable pressure points; particularly, in the sectors of tourism and housing, RÚV reports. An…
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60 Sq. Metre Apartments At 40 Million ISK For “First Time Buyers” In Iceland
Some 800 apartments that will soon be built in Reykjavík come with a very daunting price tag, but are intended for first-time home buyers. The apartments, to be located at the Hlíðarendi area of Reykjavík, come in a variety of number of…
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Iceland May Be Facing Housing Crisis
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,…
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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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Reykjavík’s Housing Problem Leaving Locals Out In The Cold
Some Icelanders in Reykjavík are sleeping in tents and cars for lack of affordable housing, while most long-term Airbnb listings in Reykjavík are operating illegally. Dagur B. Eggertsson, the mayor of Reykjavík, issued a statement on Facebook wherein he says it is…
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Icelandic Facebook Groups: Leiga á Íslandi
So you’re moving to Iceland! Congratulations. You’ve got your visa, you’ve packed your suitcase and you’ve Googled pictures of the Blue Lagoon. You’re halfway there. All you need now is a place to live. Enter Leiga á Íslandi (Rent in Iceland)—a group…
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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…
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Housing Prices Never Higher
Housing prices in Iceland are at the highest they have ever been according to a report by Landsbankinn, and increasing shortages mean that they are expected to go even higher. If you bought an apartment in march, then congratulations, your apartment is…
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IKEA Building Apartments For Staff As Rent In City Skyrockets
IKEA in Iceland has announced they are building an apartment block with 36 flats, to be rented out to its employees upon completion next summer, reports MBL. According to Þórarinn Ævarsson, CEO of IKEA in Iceland, the aim is to guarantee safe…
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AirBnB Having Complex Effects On The Rental Market
AirBnB and tourist accommodation in general is having an effect on the local rental market, and it is hard to pin down this effect quantitatively. According to a new report from Arion Bank, they point out that tourism has become the largest…
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20 Square Metres For 115,000 ISK Per Month
An Icelander offering a 20m2 room by Kringlan for the princely sum of 115,000 ISK per month has caught the attention of social media as being symptomatic of Reykjavík’s rental crisis. The would-be landlord has defended setting the rent that high for…
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150 Polish People Working For Icelandair Paying 7 Times The Usual Rent
Foreign labourers from Poland working for the IGS subsidiary of Icelandair have to pay approximately 7 times higher rent than Icelandic people in the same region. Stundin reports that about 150 Polish workers have been working for IGS (Icelandair Ground Services) since…
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Fire Department Evicts Renters Without Notice
Earlier this Monday, the Capital Area Fire Department attempted to evict residents of rental apartments in Kópavogur, a municipality adjacent to Reykjavík. This was reported by RÚV. Some residents refused to leave. It seems that the residents were not notified before the…
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This Is The Correction
At a press conference on Monday, ministers introduced the implementation of the Government’s upcoming debt relief measures for house-owners. Regarding the measures, the government’s policy platform has stated that through “specifically directed actions, the government will address the debt problem of Icelandic…
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Reykjavík, Meet Your New Mayor
Dagur B. Eggertsson has some big shoes to fill. His predecessor, Jón Gnarr, changed the face of city politics in Reykjavík more than any mayor before him. The comedian-briefly-turned-mayor attracted so much attention from around the world that some people (Lady Gaga)…
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‘You’ve Got To Be Firm With These People’
Against Container-Prejudices Eygló Harðardóttir, Welfare Minister on behalf of the Progressive party, wrote a blog post last week, titled ‘Container-prejudices’. Whereas the title might seem to involve an elaborate new metaphor, leading an optimist reader to hope that the Minister might finally…