Offer up to 1,400 Apartments on State-Owned Land and in State-Owned Buildings

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State-owned land in Reykjavik will be used for new apartments in the coming years, and existing housing will be converted to accommodate other apartments. The total number of apartments will be 1,200 to 1,400, according to plans.

RÚV

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In the coming years, between 1,200-1,400 new apartments are to be built – both on state-owned land and in state-owned housing that will be converted into apartments. This is among the actions of the City of Reykjavík and the government in housing matters that were announced today. They are part of the government's second housing package. Apartments will be built in the following locations: Borgartún: 220 apartments Grensásvegi: 90 apartments Upp…

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Ragnar Þór Ingólfsson, Minister of Social Affairs and Housing, Daði Már Kristófersson, Minister of Finance and Economic Affairs, and Heiða Björg Hilmisdóttir, Mayor, today announced a large-scale housing development on state-owned land and in state-owned properties in Reykjavík. 1,200 to 1,400 new apartments will be built in the coming years on state-owned land and in state-owned properties, which will be converted into apartments.