Property Prices in Iceland

Index Info
Price to Income Ratio: 6.07
Mortgage as Percentage of Income: 50.25%
Loan Affordability Index: 1.99
Price to Rent Ratio - City Centre: 18.74
Price to Rent Ratio - Outside of Centre: 16.59
Gross Rental Yield (City Centre): 5.34%
Gross Rental Yield (Outside of Centre): 6.03%
Rent Per Month
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Apartment (1 bedroom) in City Centre 206,534.88 kr 160,000.00-255,000.00
Apartment (1 bedroom) Outside of Centre 169,487.80 kr 120,000.00-230,000.00
Apartment (3 bedrooms) in City Centre 284,589.74 kr 250,000.00-395,000.00
Apartment (3 bedrooms) Outside of Centre 248,976.45 kr 207,105.00-310,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 70,158.79 kr 47,380.16-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 52,277.61 kr 37,160.91-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 542,894.28 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.54 3.50-8.00

These data are based on 457 entries in the past 18 months from 72 different contributors.
Last update: February 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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