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
Edit Range
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
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
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