Property Prices in Iceland

Index Info
Price to Income Ratio: 6.29
Mortgage as Percentage of Income: 51.45%
Loan Affordability Index: 1.94
Price to Rent Ratio - City Centre: 15.38
Price to Rent Ratio - Outside of Centre: 13.83
Gross Rental Yield (City Centre): 6.50%
Gross Rental Yield (Outside of Centre): 7.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 181,630.43 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 153,892.83 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 275,888.89 kr 200,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre 241,050.00 kr 200,000.00-320,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 52,648.08 kr 37,160.91-78,966.93
Price per Square Feet to Buy Apartment Outside of Centre 40,631.60 kr 30,657.75-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 398,984.04 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.39 3.50-7.00

These data are based on 478 entries in the past 18 months from 72 different contributors.
Last update: June 2021
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