Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 8.76
Mortgage as Percentage of Income: 58.78%
Loan Affordability Index: 1.70
Price to Rent Ratio - City Centre: 17.48
Price to Rent Ratio - Outside of Centre: 22.72
Gross Rental Yield (City Centre): 5.72%
Gross Rental Yield (Outside of Centre): 4.40%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,460.17 kr 4,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,200.00 kr 4,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 12,000.00 kr 10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 8,909.80 kr 7,000.00-12,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,322.22 kr 1,670.91-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 2,343.18 kr 1,300.63-4,335.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 14,335.99 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 2.99-3.20

These data are based on 50 entries in the past 18 months from 10 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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