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Over Five Hundred Apartments for Sale

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Over Five Hundred Apartments for Sale

Reykjavík houses

Photo: Geir Ólafsson.

Looking for an apartment? The Icelandic Housing Financing Fund just decided to put a third of its apartments, 504 of them, up for sale. The apartments are located all over Iceland; most of them are currently being rented out, and some of them require repair, Eyjan reports.

A statement from the Fund explains the sale of the apartments is in line with the Fund’s goal of selling the majority of its real estate this year and next. Moreover, the Fund hopes to increase the supply of properties nationwide.

The properties will be sold in 15 different portfolios of assets, of various types and sizes. The combination of assets in each portfolio will aim to make it practical to operate them in rental associations. The size of each cluster of properties will be moderate to make it possible for more investors to make an offer.

The sales process is scheduled to begin December 14.

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