Iceland recently hit a record low unemployment rate as it was surveyed at only 1% in July
The number of construction cranes across Iceland is approaching the number counted in 2007, just prior to the banking collapse.
When Diðrik Ísleifsson picked up the phone Friday, the voice on the other end told him the roofing sheets had been taken off his house.
Reykjavík Mayor Dagur B. Eggertsson calls the construction planned in the capital in coming years “without precedent.”
Governor of the Central Bank of Iceland Már Guðmundsson does not like the idea, introduced earlier this week by a construction company, to offer 95 percent loans to home buyers.
An Icelandic construction company is offering ten apartments for sale, where the buyer will only need to provide a five percent down payment.
This year, there are plans to form a development company, whose goal it is to plan a harbor for large ships in Finnafjörður, Northeast Iceland.
A new study shows that in order to construct each square meter of residential housing in Iceland, 35-60 percent more man-hours are needed than in Norway.
The Environment Agency of Iceland (Umhverfisstofnun) opposes plans by Icelandair Hotels to add on to Hótel Reykjahlíð by Mývatn lake.
A Polish contracting firm, which was working on three large projects in Iceland, has left the country.
A construction company in Hafnarfjörður published the following message in Morgunblaðið’s classified ads section Saturday:
Skútustaðahreppur district has halted work on a new Fosshotel at Grímsstaðir, just north of lake Mývatn.
The construction crane which collapsed in downtown Reykjavík yesterday is believed to have been lifting a much heavier load than it was made to lift in the position it was in.
Two teenage girls narrowly escaped as a construction crane collapsed beside them in downtown Reykjavík today.
There are signs that numerous construction workers, who left Iceland for Norway in the wake of the banking collapse in 2008, are returning.
The municipal council of Mosfellsbær agreed this morning to grant the mayor permission to sign a contract with MCPB Ltd. which plans to construct a 30,000m 2 (323,000 ft 2) privately run hospital and hotel in the town.
An amendment to construction regulations, signed yesterday, is a major step toward reducing construction costs and slowing down property price increases.
Foreign workers of a contracting firm under investigation for massive tax fraud, sought help at the Embassy of Poland in Reykjavík last Friday after electricity had been cut off from the building in which they resided.
Contrary to popular fears, there were eleven-times more square meters of housing built in Reykjavík last year than hotel space.
Prime Minister Sigmundur Davíð Gunnlaugsson’s words Friday regarding a new construction site for Landspítali University Hospital in Garðabær have caused a strong reaction.
The expected cost of moving both the newer and older harbor walls from Austurbakki in central Reykjavík is ISK 500 million (EUR 3.5 million/USD 3.8 million).
Reykjavík City Council yesterday voted to start negotiations with film director Baltasar Kormákur and his production company Rvk Studios regarding a film studio, which could rise in Gufunes, Reykjavík.
The architect firm Zeppelin would like to design and build practical micro-apartments for young people to purchase.