Property Prices in Iceland

Index Info
Price to Income Ratio: 6.14
Mortgage as Percentage of Income: 59.14%
Loan Affordability Index: 1.69
Price to Rent Ratio - City Centre: 16.72
Price to Rent Ratio - Outside of Centre: 15.18
Gross Rental Yield (City Centre): 5.98%
Gross Rental Yield (Outside of Centre): 6.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 244,221.03 kr 164,952.00-320,000.00
Apartment (1 bedroom) Outside of Centre 218,859.73 kr 143,000.00-280,000.00
Apartment (3 bedrooms) in City Centre 343,666.67 kr 255,000.00-500,000.00
Apartment (3 bedrooms) Outside of Centre 311,315.79 kr 220,000.00-450,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 74,626.15 kr 55,741.36-111,482.72
Price per Square Feet to Buy Apartment Outside of Centre 60,992.04 kr 46,451.13-83,612.04
Salaries And Financing
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Average Monthly Net Salary (After Tax) 594,540.21 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.46 3.69-11.00

These data are based on 451 entries in the past 18 months from 81 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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