Faroese Employers’ Association urges municipalities to increase land subdivisions amid housing crisis

Municipalities are urged to initiate more land subdivisions.

However, they are expected to lose the authority to establish housing cooperatives alongside the Housing Fund.

This is the stance of the Faroese Employers’ Association, which is addressing the housing crisis in its 2023 annual report.

The association emphasizes the need to level the playing field between public and private construction projects.

Additionally, they advocate for the introduction of housing subsidies.

The first step, according to the Faroese Employers’ Association, is to encourage municipalities to undertake more subdivisions of land.