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.