Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 8.53
Mortgage as Percentange of Income: 57.28%
Loan Affordability Index: 1.75
Price to Rent Ratio - City Centre: 25.40
Price to Rent Ratio - Outside of Centre: 18.47
Gross Rental Yield (City Centre): 3.94%
Gross Rental Yield (Outside of Centre): 5.41%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 5,750.00 kr 5,500.00-6,000.00
Apartment (1 bedroom) Outside of Centre 4,750.00 kr 4,000.00-5,500.00
Apartment (3 bedrooms) in City Centre 9,000.00 kr 8,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 7,750.00 kr 6,500.00-9,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 2,787.07 kr
Price per Square Feet to Buy Apartment Outside of Centre 1,703.18 kr 1,548.31-1,858.05
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 14,166.67 kr
Mortgage Interest Rate in Percentages (%), Yearly 3.10 3.10-4.00

These data are based on 16 entries in the past 18 months from 3 different contributors.
Last update: April, 2017
Our data for each country are based on all entries from all cities in that country.

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Property Prices in this country for some cities: Torshavn

We would like to gather more data for: Akrar, Argir, Arnafjordur, Dalur, Depil, Eidi, Elduvik, Famjin, Frodba, Funningur, Gasadalur, ... Update information for Faroe Islands!