Around 2,300 homes stand empty in the Reykjavik region and a further 900 are nearing completion. Due to a glut of new housing and the reduction in the number of capital region residents, there are already enough homes to keep up with demand in coming years.
An inquiry by New Landsbanki reveals that there is probably no need to begin building any new homes in the region before 2011. Asgeir Runolfsson, property expert at Landsbanki, told RUV that some 1,300 households have moved away from the Reykjavik region. He went on to predict a further drop of 1,000 people next year leaving a further 400 empty homes. On these assumptions, he says no new homes will be needed until at least 2011. As new-build houses take one-and-a-half to two years to complete on average, the next new houses in Reykjavik should be ready to move into roughly four years from now.
an “inquiry” had to be made to figure this out?…come on.
open your eyes and look around the landscape is littered with cranes that have been sitting for months!!!!.
which i am still amazed… i have seen cranes sitting for more than year, having seen what happens if these cranes should fall i can’t imagine leaving them up for that long would be considered “safe” and in the best interest of the people…of any people anywhere. it will cost more much more if you have to pay for the damage it caused than it costs to take them down. and on a side note…they are an eye sore. they are f^cking ugly and slap you in the face with the bad vibes of over-development and all the mess that comes and came with it….gives me an overpowering feeling of malaise
LOOK at all the new housing that just sits there, this with people i have seen flat/apartment housing developments at i would say 85% of units considered completed, other units needing work…they are EMPTY. maybe a few units occupied with owners who are stuck with the place now with an unfinished mess around them. who is gonna live in these places? there seems to be hundreds of these places and the prices are hard to determine…surely not what they are selling them at.how does the housing market correct itself in a situation i wonder.
this issue gets my temper going a bit. well the whole mess does. crazy people get paid a lot to state the obvious.
Ok, finally gossip became a fact
Google translation
[blockquote]14/10/2009
Press Release
Following consideration of the request of the Government of Iceland to Russia to provide financial support amounting to 500 million the Government of Russia decided to refrain from providing the requested funds.
This decision is dictated by the need to curb growth in public spending in the situation of budget deficit.
Press Service of Ministry of Finance of Russia [/blockquote]
http://www.minfin.ru/ru/press/press_releases/index.php?id4=8287
“and the reduction in the number of capital region residents”
So where did the people go?
“So where did the people go?”
@west: Dude… where have you been?…. they went the same place the money went: Away.
Yip Yip, I haven’t been following this site during the summer. So is it foreigners leaving or Icelanders?
a litlle bit of both
“So where did the people go?”
Some became spirits and chose to live in large rocks. Others joined the hidden people. And a few just went back to Poland.
I’ll happily take any open house and work the most meaningless low-wage job if I have to just to live in Iceland. It simply HAS TO be better than living in the USA. If everybody is leaving- fine- it will mean less competition for me.
probably Lee, and it has to be better than living somewhere in Southern Europe too ;) guess where :p
p.s. fine, move to Iceland please, so I’ll have less competition in fierce Norway as well :D
[just kidding, heh :D ]
Some became spirits and chose to live in large rocks. Others joined the hidden people. And a few just went back to Poland.
When you say spirits… you mean Vodka right?… or should it be Gin…