Property Prices in Iceland

Index Info
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
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
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.

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