Property Prices in Reykjavik, Iceland

Index Info
Price to Income Ratio: 6.46
Mortgage as Percentage of Income: 55.57%
Loan Affordability Index: 1.80
Price to Rent Ratio - City Centre: 14.34
Price to Rent Ratio - Outside of Centre: 13.63
Gross Rental Yield (City Centre): 6.97%
Gross Rental Yield (Outside of Centre): 7.34%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 200,100.00 kr 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 163,666.67 kr 120,000.00-224,000.00
Apartment (3 bedrooms) in City Centre 319,275.86 kr 255,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 265,200.00 kr 224,000.00-350,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 55,179.03 kr 46,621.61-74,321.81
Price per Square Feet to Buy Apartment Outside of Centre 43,180.84 kr 36,919.18-55,741.36
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 410,041.40 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.02 4.00-7.50

These data are based on 328 entries in the past 18 months from 46 different contributors.
Last update: November 2020

Sources and References
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