Sea Baths and More Planned in Hvammsvík

This computer-generated picture shows what the facilities will likely look …

This computer-generated picture shows what the facilities will likely look like. Computer-generated picture/hvammsvik.is

Vala Hafstað

Further development of a recreational area and sea baths in Hvammsvík cove in Hvalfjörður fjord, West Iceland, will be partly financed with proceeds from the sale of 30 lots in the area, Morgunblaðið reports.

Hvammsvík, located only a 40-minute drive north of Reykjavík, was purchased in 2011 by former WOW Air CEO Skúli Mogensen.

A computer-generated picture of what the Hvammsvík area might look …

A computer-generated picture of what the Hvammsvík area might look like in the future. Computer-generated picture/hvammsvik.is

The 30 lots were advertised for sale in Morgunblaðið September 4, and two days later, Viðskiptablaðið reported they had all sold immediately. The prices ranged from ISK 6 to 20 million (USD 46,500-155,100; EUR 39,500-131,800), and owners have the right to build up to 300-m2 (3,200-sq ft) houses on their lots.

The view to the north from Hvammsvík. A computer-generated picture.

The view to the north from Hvammsvík. A computer-generated picture. Computer-generated picture/hvammsvik.is

Skúli states that many designers participate in the development in Hvammsvík. Those include Landmótun and THG architects, Gríma Björg Thorarensen, and DAP architects.

“It was terrific to see how much interest there is in the area, and this good sale enables us to invest even more in a further development of the area.”

REMAX realtor Gunnar Sverrir Harðarson states there is great demand for lots with a good view, not to mention ocean view, in the capital area and vicinity. He adds that some of the people who purchased the Hvammsvík lots live abroad part of the year and intend to have a second in Hvammsvík.

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