Property Prices in Faroe Islands

Index
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	Edit
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	Edit
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.

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