Correction: The HFF's payments due to HFF bonds and other liabilities amounted to ISK 15.3bn, not 3.4bn as stated in the previous monthly report for December.
Household defaults decreased considerably in 2015
Household in arrears decreased considerably in 2015. At the end of the year 96.5% of households that have their property loans from the HFF were performing on their loans, compared to 94.5% at the end of 2014. The number of households in arrears decreased by 39% over the year.
Out of 44,500 households, that have their property loans from the HFF, 1,547 households were in arrears at the end of December 2015. That is a decrease of 1,016 homes from the beginning of the year.
The Fund’s property sales are going well
The HFF sold 898 properties in 2015 compared to 1,066 in 2014. The HFF owned 1,348 appropriated assets at the end of December 2015, whereof 629 were in sales process and 611 rented out. The HFF plans to sell 900 properties in the year 2016 and Klettur Property Management is already in sales process.
See the attached monthly report for more detailed information.
