Practical Housing Options
Reykjavik is the only municipality which has increased the number of social and affordable housing opportunities and we firmly believe an increased offer of available housing and our restrictions of the AirBnB market will relieve the pressure on the rental market.
We want to build an engaging and vibrant city for all. For that to happen we must ensure secure housing options for everyone and continue to offer diverse housing options, suited to everyone’s needs.
We are currently implementing the largest housebuilding programme in the history of the city, and in 2017 Reykjavík saw the greatest annual population growth in the last 30 years. The last three years have been record-breaking for building permits and there have never been as many apartments under construction in a single term.
We said at the beginning of the term that within five years we would enable the construction of 2500-3000 new rental and non-profit apartments available in the city. We have fulfilled that promise. Plans have been set in motion to begin cooperation with non-profit rental associations for 4000 new apartments. During next term we are going to continue our rapid construction in all parts of the city with a focus on accessible housing at a reasonable price, student apartments, housing for senior citizens, the return of the „workers’ housing“ system, and a special focus on affordable housing for young people and first-time buyers.
Young people and first-time buyers
- We will build affordable housing for young people and first-time buyers in Gufunes, Úlfarsársdalur, Bryggjuhverfi, Skerjafjörður, Veðurstofuhæð, and at the area by Stýrimannaskólinn.
- We will support innovative entries into the housing market to meet demand for affordable housing.
- First stage plans include 500 apartments for young people and first-time buyers, and 500 more as the term progresses.