Property Prices in Iceland

Index Info
Price to Income Ratio: 6.21
Mortgage as Percentage of Income: 57.91%
Loan Affordability Index: 1.73
Price to Rent Ratio - City Centre: 17.81
Price to Rent Ratio - Outside of Centre: 16.12
Gross Rental Yield (City Centre): 5.61%
Gross Rental Yield (Outside of Centre): 6.20%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 228,003.71 kr 160,000.00-300,000.00
Apartment (1 bedroom) Outside of Centre 197,841.45 kr 140,000.00-270,000.00
Apartment (3 bedrooms) in City Centre 326,209.30 kr 251,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 285,333.33 kr 213,000.00-400,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 74,724.39 kr 56,670.38-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 58,848.15 kr 46,451.13-78,966.93
Salaries And Financing
Average Monthly Net Salary (After Tax) 578,399.08 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.02 3.69-10.00

These data are based on 458 entries in the past 18 months from 72 different contributors.
Last update: December 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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