Property Prices in Iceland

Index Info
Price to Income Ratio: 6.43
Mortgage as Percentage of Income: 54.35%
Loan Affordability Index: 1.84
Price to Rent Ratio - City Centre: 15.39
Price to Rent Ratio - Outside of Centre: 13.85
Gross Rental Yield (City Centre): 6.50%
Gross Rental Yield (Outside of Centre): 7.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 179,767.44 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 152,769.10 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 276,166.67 kr 200,000.00-420,000.00
Apartment (3 bedrooms) Outside of Centre 241,628.57 kr 200,000.00-350,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 52,389.02 kr 37,160.91-74,321.81
Price per Square Feet to Buy Apartment Outside of Centre 40,561.03 kr 32,515.79-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 389,222.99 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.80 3.50-7.33

These data are based on 463 entries in the past 18 months from 65 different contributors.
Last update: March 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages:

DeutschImmobilienpreise in Island
PortuguêsPreços de Imóveis na Islândia
ItalianoPrezzi delle proprietà immobiliari in Islanda
FrançaisPrix de l'immobilier en Islande
EspañolPrecios de Inmuebles en Islandia