Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 8.15
Mortgage as Percentange of Income: 54.70%
Loan Affordability Index: 1.83
Price to Rent Ratio - City Centre: 24.12
Price to Rent Ratio - Outside of Centre: 15.93
Gross Rental Yield (City Centre): 4.15%
Gross Rental Yield (Outside of Centre): 6.28%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 6,500.00 kr 6,000.00-7,000.00
Apartment (1 bedroom) Outside of Centre 5,500.00 kr
Apartment (3 bedrooms) in City Centre 8,500.00 kr 7,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 9,000.00 kr
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 2,787.07 kr
Price per Square Feet to Buy Apartment Outside of Centre 1,703.18 kr 1,548.31-1,858.05
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 14,833.33 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 3.00-4.00

These data are based on 15 entries in the past 18 months from 3 different contributors.
Last update: March 2018
Our data for each country are based on all entries from all cities in that country.

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Property Prices in this country for some cities:

We would like to gather more data for: Akrar, Argir, Arnafjordur, Dalur, Depil, Eidi, Elduvik, Famjin, Frodba, Funningur, Gasadalur, ... Update information for Faroe Islands!