Housing
Reykjavík City's primary housing goal is to build a diverse, fair, and flexible housing market that ensures everyone has a secure home at an affordable price. The City is targeting the development of up to 16,000 residential units by 2035, with a long-term goal that 35% of all housing be built and operated on a nonprofit basis.
The housing development map shows where residential units are currently under construction and their quantities, where units can be built on buildable lots and lots with approved planning, where development and planning activity is underway and at what scale, and what the long-term plans entail.
The future is built here
Reykjavík City has launched a new website providing residents and stakeholders with a clear and accessible overview of housing development throughout the city. The site features mapped urban development, information about ongoing projects, and future plans for city neighborhoods. The goal is to increase transparency, improve communication, and enable residents to follow how the city is being shaped and developed.
Housing development in Reykjavík
Where are new apartments being built and which areas are next for development? Check the map viewer below to see main development areas by district and project type.
Reykjavík's Housing Plan
It is Reykjavík City's policy that all residents have safe housing at an
affordable price, whether or not they need support with their housing issues.
Main priorities of the housing plan are to have housing for all, increase rental and right-of-occupancy apartments, create strong and sustainable neighborhoods, and promote good land use and densification along development axes.
Housing for everyone
Housing
plan focus:
Housing supply will meet the needs of the time, with an increased offering of smaller dwellings in the coming years, regardless of ownership form.
Increase in rental and cooperative apartments
Housing plan focus:
More rental and cooperative dwellings owned by housing cooperatives, associations, and/or private parties, especially in central areas easily served by public transportation.
Robust and sustainable neighborhoods
Housing
plan
focus:
Development of housing suitable for lower-income groups will mainly be in areas easily served by quality public transportation and/or near major employment centers and diverse services.
Good land use and densification along development axes
Housing
plan focus:
Land and the city's infrastructure will be utilized efficiently, and the capital cost of infrastructure for development areas will be funded by the proceeds from the development.
Housing initiative in established neighborhoods
The goal of the City's housing initiative in established neighborhoods is to quickly and effectively plan and allocate buildable residential plots to meet housing market needs. The development emphasizes respecting the character and conditions of each location.
News on residential development
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Information on housing development
Find an overview of published materials on apartment development here.