Property Prices in Iceland

Index Info
Price to Income Ratio: 6.73
Mortgage as Percentage of Income: 75.21%
Loan Affordability Index: 1.33
Price to Rent Ratio - City Centre: 16.28
Price to Rent Ratio - Outside of Centre: 15.43
Gross Rental Yield (City Centre): 6.14%
Gross Rental Yield (Outside of Centre): 6.48%
Rent Per Month
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Apartment (1 bedroom) in City Centre 276,931.03 kr 230,000.00-340,000.00
Apartment (1 bedroom) Outside of Centre 248,793.10 kr 200,000.00-300,000.00
Apartment (3 bedrooms) in City Centre 393,961.54 kr 350,000.00-500,000.00
Apartment (3 bedrooms) Outside of Centre 340,692.31 kr 300,000.00-450,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 82,786.85 kr 69,676.70-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 69,439.07 kr 53,418.80-83,612.04
Salaries And Financing
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Average Monthly Net Salary (After Tax) 608,511.65 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.48 5.26-11.00

These data are based on 326 entries in the past 18 months from 72 different contributors.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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