Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 4.88
Mortgage as Percentage of Income: 32.76%
Loan Affordability Index: 3.05
Price to Rent Ratio - City Centre: 14.75
Price to Rent Ratio - Outside of Centre: 8.29
Gross Rental Yield (City Centre): 6.78%
Gross Rental Yield (Outside of Centre): 12.06%
Rent Per Month
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Apartment (1 bedroom) in City Centre 5,826.27 kr 4,000.00-8,296.14
Apartment (1 bedroom) Outside of Centre 5,614.58 kr 4,000.00-8,296.14
Apartment (3 bedrooms) in City Centre 12,511.46 kr 10,000.00-20,740.35
Apartment (3 bedrooms) Outside of Centre 9,323.96 kr 7,447.92-20,740.35
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,892.84 kr 1,300.63-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 910.99 kr 521.35-1,300.63
Salaries And Financing
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Average Monthly Net Salary (After Tax) 15,458.03 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 2.99-3.20

These data are based on 41 entries in the past 18 months from 8 different contributors.
Last update: April 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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