Property Prices in Faroe Islands

Index
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.

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