Property Prices in Iceland

Index
Price to Income Ratio:	6.29
Mortgage as Percentage of Income:	51.45%
Loan Affordability Index:	1.94
Price to Rent Ratio - City Centre:	15.38
Price to Rent Ratio - Outside of Centre:	13.83
Gross Rental Yield (City Centre):	6.50%
Gross Rental Yield (Outside of Centre):	7.23%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	181,630.43 kr	130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre	153,892.83 kr	100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre	275,888.89 kr	200,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre	241,050.00 kr	200,000.00-320,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	52,648.08 kr	37,160.91-78,966.93
Price per Square Feet to Buy Apartment Outside of Centre	40,631.60 kr	30,657.75-55,741.36
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	398,984.04 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.39	3.50-7.00

These data are based on 478 entries in the past 18 months from 72 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

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