Property Prices in Faroe Islands

Index
Price to Income Ratio:	5.96
Mortgage as Percentage of Income:	40.60%
Loan Affordability Index:	2.46
Price to Rent Ratio - City Centre:	15.19
Price to Rent Ratio - Outside of Centre:	8.28
Gross Rental Yield (City Centre):	6.58%
Gross Rental Yield (Outside of Centre):	12.08%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	6,428.26 kr	5,205.25-7,483.26
Apartment (1 bedroom) Outside of Centre	5,858.03 kr	5,000.00-7,483.26
Apartment (3 bedrooms) in City Centre	11,502.69 kr	10,000.00-18,708.16
Apartment (3 bedrooms) Outside of Centre	9,252.05 kr	7,500.00-18,708.16
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,974.17 kr	1,161.28-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre	929.02 kr
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	13,118.03 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.27	3.00-3.50

These data are based on 38 entries in the past 18 months from 7 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

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