Property Prices in Iceland

Index
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	Edit	Range
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	Edit
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	Edit
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.

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