Property Prices in Iceland

Index Info
Price to Income Ratio: 6.27
Mortgage as Percentage of Income: 60.38%
Loan Affordability Index: 1.66
Price to Rent Ratio - City Centre: 16.39
Price to Rent Ratio - Outside of Centre: 14.69
Gross Rental Yield (City Centre): 6.10%
Gross Rental Yield (Outside of Centre): 6.81%
Rent Per Month
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Apartment (1 bedroom) in City Centre 250,051.41 kr 180,000.00-300,000.00
Apartment (1 bedroom) Outside of Centre 221,933.01 kr 150,000.00-280,000.00
Apartment (3 bedrooms) in City Centre 350,605.26 kr 265,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 316,142.86 kr 225,000.00-400,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 74,786.32 kr 58,063.92-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 59,865.25 kr 46,451.13-82,683.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 577,597.35 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.44 3.70-10.50

These data are based on 451 entries in the past 18 months from 82 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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