Property Prices in Faroe Islands
| Index |  |
|---|---|
| Price to Income Ratio: | 5.14 |
| Mortgage as Percentage of Income: | 34.52% |
| Loan Affordability Index: | 2.90 |
| Price to Rent Ratio - City Centre: | 17.08 |
| Price to Rent Ratio - Outside of Centre: | 8.39 |
| Gross Rental Yield (City Centre): | 5.85% |
| Gross Rental Yield (Outside of Centre): | 11.92% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 5,330.14 kr | |
| Apartment (1 bedroom) Outside of Centre | 5,692.98 kr | |
| Apartment (3 bedrooms) in City Centre | 11,883.46 kr | |
| Apartment (3 bedrooms) Outside of Centre | 8,900.99 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,043.85 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 910.77 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 15,459.96 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.10 |
These data are based on 36 entries in the past 18 months from 7 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
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