Bjarni Benediktsson and Sigurður Ingi Jóhannsson

Program for First-Time Homebuyers Introduced

Yesterday, Prime Minister Sigurður Ingi Jóhannsson and Finance Minister Bjarni Benediktsson introduced a new program called First Home, meant to make it easier for young people to purchase their first home.


Threatened to Leave Home Within One Week

“I’m not moving one foot before I find a new home,” says Jenný Jóakimsdóttir, a resident of Hafnarfjörður who has been told to leave her apartment within one week, by order of its new owner—a private company owned by the Central Bank of Iceland.


Rent Up by 40 Percent

The cost of rent went up by 40.2 percent from the beginning of 2011 until July 31 this year, according to a new report from the Ministry of Welfare.


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.