Property Prices in Iceland

Index
Price to Income Ratio:	6.25
Mortgage as Percentage of Income:	53.35%
Loan Affordability Index:	1.87
Price to Rent Ratio - City Centre:	15.16
Price to Rent Ratio - Outside of Centre:	14.13
Gross Rental Yield (City Centre):	6.60%
Gross Rental Yield (Outside of Centre):	7.08%

Rent Per Month	[ Edit ]	Range
Apartment (1 bedroom) in City Centre	179,976.60 kr	130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre	148,810.74 kr	100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre	281,608.70 kr	220,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre	242,116.28 kr	200,000.00-320,000.00
Buy Apartment Price	[ Edit ]
Price per Square Feet to Buy Apartment in City Centre	52,060.48 kr	37,160.91-67,949.43
Price per Square Feet to Buy Apartment Outside of Centre	40,773.38 kr	32,515.79-55,741.36
Salaries And Financing	[ Edit ]
Average Monthly Net Salary (After Tax)	399,390.27 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.90	3.90-7.33

These data are based on 500 entries in the past 18 months from 71 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

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