Property Prices in Iceland

Index Info
Price to Income Ratio: 5.82
Mortgage as Percentage of Income: 49.73%
Loan Affordability Index: 2.01
Price to Rent Ratio - City Centre: 18.05
Price to Rent Ratio - Outside of Centre: 15.89
Gross Rental Yield (City Centre): 5.54%
Gross Rental Yield (Outside of Centre): 6.29%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 215,022.33 kr 175,000.00-255,000.00
Apartment (1 bedroom) Outside of Centre 181,002.39 kr 120,000.00-238,000.00
Apartment (3 bedrooms) in City Centre 299,738.10 kr 250,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 258,361.67 kr 207,105.00-360,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 70,691.09 kr 54,812.34-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 52,881.33 kr 37,160.91-74,321.81
Salaries And Financing
Average Monthly Net Salary (After Tax) 571,035.13 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.92 3.50-8.15

These data are based on 479 entries in the past 18 months from 75 different contributors.
Last update: May 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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