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Iceland - Time of changes

Today, Ulfarvatn, a suburb of Reykjavik is a ghost area. It was meant to become a fashionable inner city residential heaven with up to 4.000 people to build their homes there. Today they are hardly 200 people living in the area in a surrounding that hardly resemble a town. Most homes in fact are unfinished due to the sudden economic collapse of the country. Services such as medical, schooling, transport are non existent. Magnus and Drifa are among the very few people that managed to move in Ulfarsvatn.

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cinzia_icelandrecession-2.jpg
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Cinzia D'Ambrosi
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Housing inner city housing economic crisis unfinished homes half built housing Ulfarvatn Reykjavik Iceland Icelanders Icelandic family ghost town recession world financial downturn bleak times Icelanders
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Iceland: Time of Change
Today, Ulfarvatn, a suburb  of Reykjavik is a ghost area. It was meant to become a fashionable inner city residential heaven with up to 4.000 people to build their homes there. Today they are hardly 200 people living in the area in a surrounding that hardly resemble a town. Most homes in fact are unfinished due to the sudden economic collapse of the country. Services such as medical, schooling, transport are non existent. Magnus and Drifa are among the very few people that managed to move in Ulfarsvatn.