Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 5.96
Mortgage as Percentage of Income: 40.60%
Loan Affordability Index: 2.46
Price to Rent Ratio - City Centre: 15.19
Price to Rent Ratio - Outside of Centre: 8.28
Gross Rental Yield (City Centre): 6.58%
Gross Rental Yield (Outside of Centre): 12.08%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,428.26 kr 5,205.25-7,483.26
Apartment (1 bedroom) Outside of Centre 5,858.03 kr 5,000.00-7,483.26
Apartment (3 bedrooms) in City Centre 11,502.69 kr 10,000.00-18,708.16
Apartment (3 bedrooms) Outside of Centre 9,252.05 kr 7,500.00-18,708.16
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,974.17 kr 1,161.28-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 929.02 kr
Salaries And Financing
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Average Monthly Net Salary (After Tax) 13,118.03 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.27 3.00-3.50

These data are based on 38 entries in the past 18 months from 7 different contributors.
Last update: June 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