Property Prices in Akureyri, Iceland

Index Info
Price to Income Ratio: 5.83
Mortgage as Percentage of Income: 47.15%
Loan Affordability Index: 2.12
Price to Rent Ratio - City Centre: 20.56
Price to Rent Ratio - Outside of Centre: 18.73
Gross Rental Yield (City Centre): 4.86%
Gross Rental Yield (Outside of Centre): 5.34%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 110,000.00 kr 60,000.00-150,000.00
Apartment (1 bedroom) Outside of Centre 88,750.00 kr 40,000.00-120,000.00
Apartment (3 bedrooms) in City Centre 203,750.00 kr 180,000.00-250,000.00
Apartment (3 bedrooms) Outside of Centre 180,000.00 kr 130,000.00-200,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 46,451.13 kr 37,160.91-55,741.36
Price per Square Feet to Buy Apartment Outside of Centre 35,612.54 kr 32,515.79-37,160.91
Salaries And Financing
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Average Monthly Net Salary (After Tax) 379,000.00 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.26 2.50-6.50

These data are based on 77 entries in the past 18 months from 12 different contributors.
Last update: April 2021

Sources and References
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