Just before Icelandic crisis, Real Estate market was developping. Business, private, public, every sectors was taking advantages of the situation.
And Constructions were initiated all around the most important city of Iceland, it's capital.
Then came the economic boom. and everything were stopped.
Today, some empty, or not totally built construction, sometimes, even roads are just standing in the night, waiting for the economic sunrise.

Some says it's coming, i trust them !