Property Prices in Faroe Islands
| Index |  |
|---|---|
| Price to Income Ratio: | 8.73 |
| Mortgage as Percentage of Income: | 58.07% |
| Loan Affordability Index: | 1.72 |
| Price to Rent Ratio - City Centre: | 17.10 |
| Price to Rent Ratio - Outside of Centre: | 21.63 |
| Gross Rental Yield (City Centre): | 5.85% |
| Gross Rental Yield (Outside of Centre): | 4.62% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 6,666.67 kr | |
| Apartment (1 bedroom) Outside of Centre | 5,666.67 kr | |
| Apartment (3 bedrooms) in City Centre | 12,000.00 kr | |
| Apartment (3 bedrooms) Outside of Centre | 8,911.11 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,310.39 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 2,343.18 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 14,338.67 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.99 |
These data are based on 49 entries from 9 contributors over the past 18 months.
Last update: February 2025
Our data for each country are based on all entries from all cities in that country.
Sources and References
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