Property Prices in Faroe Islands

Index
Price to Income Ratio:	3.65
Mortgage as Percentage of Income:	24.74%
Loan Affordability Index:	4.04
Price to Rent Ratio - City Centre:	8.59
Price to Rent Ratio - Outside of Centre:	7.32
Gross Rental Yield (City Centre):	11.64%
Gross Rental Yield (Outside of Centre):	13.66%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	6,722.86 kr	6,000.00-7,435.87
Apartment (1 bedroom) Outside of Centre	6,113.39 kr	5,000.00-7,391.46
Apartment (3 bedrooms) in City Centre	11,878.18 kr	10,000.00-18,478.65
Apartment (3 bedrooms) Outside of Centre	11,592.95 kr	7,500.00-18,478.65
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,161.28 kr
Price per Square Feet to Buy Apartment Outside of Centre	929.02 kr
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	15,406.68 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.20	3.00-3.50

These data are based on 31 entries in the past 18 months from 6 different contributors.
Last update: January 2021
Our data for each country are based on all entries from all cities in that country.

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