Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 4.65
Mortgage as Percentage of Income: 31.72%
Loan Affordability Index: 3.15
Price to Rent Ratio - City Centre: 14.30
Price to Rent Ratio - Outside of Centre: 9.18
Gross Rental Yield (City Centre): 6.99%
Gross Rental Yield (Outside of Centre): 10.89%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 5,857.67 kr 5,000.00-7,438.82
Apartment (1 bedroom) Outside of Centre 4,890.21 kr 4,000.00-8,482.35
Apartment (3 bedrooms) in City Centre 11,253.94 kr 10,000.00-14,877.64
Apartment (3 bedrooms) Outside of Centre 8,950.00 kr 7,438.82-11,158.23
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,749.66 kr 1,161.28-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 916.79 kr 520.71-1,300.63
Salaries And Financing
Average Monthly Net Salary (After Tax) 15,419.94 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.27 2.99-3.50

These data are based on 50 entries in the past 18 months from 9 different contributors.
Last update: June 2022
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