Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 5.14
Mortgage as Percentage of Income: 34.52%
Loan Affordability Index: 2.90
Price to Rent Ratio - City Centre: 17.08
Price to Rent Ratio - Outside of Centre: 8.39
Gross Rental Yield (City Centre): 5.85%
Gross Rental Yield (Outside of Centre): 11.92%
Rent Per Month
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Apartment (1 bedroom) in City Centre 5,330.14 kr 4,000.00-8,318.65
Apartment (1 bedroom) Outside of Centre 5,692.98 kr 4,000.00-8,318.65
Apartment (3 bedrooms) in City Centre 11,883.46 kr 10,000.00-20,796.62
Apartment (3 bedrooms) Outside of Centre 8,900.99 kr 7,441.58-20,796.62
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,043.85 kr 1,300.63-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 910.77 kr 520.91-1,300.63
Salaries And Financing
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Average Monthly Net Salary (After Tax) 15,459.96 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 2.99-3.20

These data are based on 36 entries in the past 18 months from 7 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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