Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 3.64
Mortgage as Percentage of Income: 24.63%
Loan Affordability Index: 4.06
Price to Rent Ratio - City Centre: 8.32
Price to Rent Ratio - Outside of Centre: 7.25
Gross Rental Yield (City Centre): 12.02%
Gross Rental Yield (Outside of Centre): 13.79%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 7,118.68 kr 6,500.00-7,527.25
Apartment (1 bedroom) Outside of Centre 6,161.74 kr 5,000.00-7,527.25
Apartment (3 bedrooms) in City Centre 11,888.90 kr 10,000.00-18,818.12
Apartment (3 bedrooms) Outside of Centre 11,724.59 kr 7,500.00-18,818.12
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) 15,471.95 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.20 3.00-3.50

These data are based on 30 entries in the past 18 months from 6 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages:

DeutschImmobilienpreise auf den Färöer-Inseln
PortuguêsPreços de Imóveis nas ilhas Faroe
ItalianoPrezzi delle proprietà immobiliari nelle Isole Faroe
FrançaisPrix de l'immobilier dans les îles Féroé
EspañolPrecios de Inmuebles en Islas Feroe