Property Prices in Iceland

Index
Price to Income Ratio:	6.78
Mortgage as Percentage of Income:	54.67%
Loan Affordability Index:	1.83
Price to Rent Ratio - City Centre:	18.90
Price to Rent Ratio - Outside of Centre:	17.45
Gross Rental Yield (City Centre):	5.29%
Gross Rental Yield (Outside of Centre):	5.73%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	182,187.50 kr	130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre	145,812.50 kr	100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre	261,465.43 kr	200,000.00-350,000.00
Apartment (3 bedrooms) Outside of Centre	226,484.20 kr	185,000.00-290,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	63,438.49 kr	37,160.91-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre	48,398.40 kr	32,515.79-74,321.81
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	443,995.92 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.22	3.20-6.50

These data are based on 343 entries in the past 18 months from 57 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

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