Property Prices in Faroe Islands

Index Info
Price to Income Ratio: 6.01
Mortgage as Percentage of Income: 40.37%
Loan Affordability Index: 2.48
Price to Rent Ratio - City Centre: 17.41
Price to Rent Ratio - Outside of Centre: 10.28
Gross Rental Yield (City Centre): 5.75%
Gross Rental Yield (Outside of Centre): 9.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 5,780.99 kr 4,000.00-8,000.00
Apartment (1 bedroom) Outside of Centre 5,117.47 kr 4,000.00-8,000.00
Apartment (3 bedrooms) in City Centre 11,671.49 kr 10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 9,331.17 kr 7,462.33-12,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,151.27 kr 1,622.89-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,072.17 kr 522.36-1,393.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 14,421.49 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 2.99-3.20

These data are based on 43 entries in the past 18 months from 9 different contributors.
Last update: January 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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