Property Prices in Iceland

Index Info
Price to Income Ratio: 6.85
Mortgage as Percentange of Income: 64.15%
Loan Affordability Index: 1.56
Price to Rent Ratio - City Centre: 13.45
Price to Rent Ratio - Outside of Centre: 12.49
Gross Rental Yield (City Centre): 7.43%
Gross Rental Yield (Outside of Centre): 8.01%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 160,579.04 kr 95,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre 125,207.93 kr 80,000.00-160,000.00
Apartment (3 bedrooms) in City Centre 266,512.43 kr 200,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 212,162.16 kr 140,000.00-250,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 42,253.03 kr 32,515.79-51,096.25
Price per Square Feet to Buy Apartment Outside of Centre 30,863.14 kr 25,362.32-37,160.91
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 287,312.01 kr
Mortgage Interest Rate in Percentages (%), Yearly 7.09 5.85-8.00

These data are based on 261 entries in the past 18 months from 44 different contributors.
Last update: March, 2017
Our data for each country are based on all entries from all cities in that country.

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Property Prices in this country for some cities: Akureyri, Reykjavik

We would like to gather more data for: Akranes, Bakkafjordur, Bildudalur, Blonduos, Bolungarvik, Bordeyri, Dalvik, Drangsnes, Egilsstadir, Eidar, Eskifjorour, ... Update information for Iceland!