Property Prices in Iceland

Index Info
Price to Income Ratio: 6.25
Mortgage as Percentage of Income: 59.82%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 16.81
Price to Rent Ratio - Outside of Centre: 15.16
Gross Rental Yield (City Centre): 5.95%
Gross Rental Yield (Outside of Centre): 6.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 242,713.74 kr 167,976.00-300,000.00
Apartment (1 bedroom) Outside of Centre 216,060.02 kr 143,000.00-280,000.00
Apartment (3 bedrooms) in City Centre 341,073.17 kr 255,000.00-475,000.00
Apartment (3 bedrooms) Outside of Centre 309,000.00 kr 220,000.00-450,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 74,530.04 kr 55,741.36-102,192.49
Price per Square Feet to Buy Apartment Outside of Centre 60,270.15 kr 46,451.13-83,612.04
Salaries And Financing
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Average Monthly Net Salary (After Tax) 580,495.95 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.37 3.69-10.50

These data are based on 440 entries in the past 18 months from 77 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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