Government Could Act to Cap Rent Increases

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.

Mayor of Reykjavík Dagur B. Eggertsson speaking at the signing of a declaration of intent regarding new student apartments..

Hundreds of New Student Apartments in Reykjavík

The City of Reykjavík, the Icelandic Student Agency (FS) and University of Iceland signed a declaration of intent on Monday on the construction of 650 new apartments for students on the University of Iceland’s main campus and in the university’s vicinity in the next five years.