Property Prices in Faroe Islands
| Index |  |
|---|---|
| Price to Income Ratio: | 6.01 |
| Mortgage as Percentage of Income: | 40.33% |
| Loan Affordability Index: | 2.48 |
| Price to Rent Ratio - City Centre: | 17.38 |
| Price to Rent Ratio - Outside of Centre: | 10.28 |
| Gross Rental Yield (City Centre): | 5.75% |
| Gross Rental Yield (Outside of Centre): | 9.73% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 5,780.24 kr | |
| Apartment (1 bedroom) Outside of Centre | 5,116.93 kr | |
| Apartment (3 bedrooms) in City Centre | 11,670.36 kr | |
| Apartment (3 bedrooms) Outside of Centre | 9,329.83 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,147.83 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,072.11 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 14,420.36 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.10 |
These data are based on 43 entries in the past 18 months from 9 different contributors.
Last update: January 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
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