Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 3.65
Mortgage as Percentage of Income: 24.74%
Loan Affordability Index: 4.04
Price to Rent Ratio - City Centre: 8.59
Price to Rent Ratio - Outside of Centre: 7.32
Gross Rental Yield (City Centre): 11.64%
Gross Rental Yield (Outside of Centre): 13.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,722.86 kr 6,000.00-7,435.87
Apartment (1 bedroom) Outside of Centre 6,113.39 kr 5,000.00-7,391.46
Apartment (3 bedrooms) in City Centre 11,878.18 kr 10,000.00-18,478.65
Apartment (3 bedrooms) Outside of Centre 11,592.95 kr 7,500.00-18,478.65
Buy Apartment Price
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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
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Average Monthly Net Salary (After Tax) 15,406.68 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.20 3.00-3.50

These data are based on 31 entries in the past 18 months from 6 different contributors.
Last update: January 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages:

DeutschImmobilienpreise auf den Färöer-Inseln
PortuguêsPreços de Imóveis nas ilhas Faroe
ItalianoPrezzi delle proprietà immobiliari nelle Isole Faroe
FrançaisPrix de l'immobilier dans les îles Féroé
EspañolPrecios de Inmuebles en Islas Feroe