The property company Þórkatla has completed the purchase of 852 properties in Grindavík, or 93% of those who have applied. The property handovers have been successful and the company has already received about 650 properties. Final settlement with sellers are underway. The company has received a total of 917 applications, as well as 18 applications from residence rights holders.

The total investment of the company to date is over ISK 65 billion, with purchase agreements and payments of nearly ISK 45bn and mortgages received over ISK 20bn.

“We are pleased that we have already managed to help over 850 families in Grindavík in this difficult situation. We hope that the forces of nature will eventually be on our side so that the future and development of Grindavík can start again soon,” says Örn Viðar Skúlason, CEO of Thórkatla real estate company.

"Loyalty agreements" will be available when circumstances allow

The real estate company Þórkatla plans to offer former owners of real estates in Grindavík both lease agreements and so-called loyalty agreements, the prerequisite of which is that it is considered safe to stay in Grindavík. The loyalty agreement will be based on Þórkatla’s cooperation with the sellers of the properties on care, minor maintenance and general supervision of the properties. A decision on the implementation of these agreements will be made as soon as circumstances allow.