Property Prices in Reykjavik, Iceland
Sign up for free* to continue using Numbeo
Or please fill:
* Only personal, academic, newspapers, TV and radio broadcasting use allowed.
For other commercial use please buy Commercial License, Insights or API
| Index |  |
|---|---|
| Price to Income Ratio: | 7.47 |
| Mortgage as Percentage of Income: | 75.37% |
| Loan Affordability Index: | 1.33 |
| Price to Rent Ratio - City Centre: | 16.44 |
| Price to Rent Ratio - Outside of Centre: | 14.59 |
| Gross Rental Yield (City Centre): | 6.08% |
| Gross Rental Yield (Outside of Centre): | 6.85% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 266,586.21 kr | |
| Apartment (1 bedroom) Outside of Centre | 237,475.12 kr | |
| Apartment (3 bedrooms) in City Centre | 378,814.81 kr | |
| Apartment (3 bedrooms) Outside of Centre | 336,720.00 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 80,426.82 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 63,526.90 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 518,509.52 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.07 |
These data are based on 309 entries in the past 18 months from 45 different contributors.
Last update: July 2024
Sources and References
Sign Up for Our Newsletter:
Nearby cities:| Property Prices in Hafnarfjorour | 6.29 miles |
| Property Prices in Akranes | 29.20 miles |
| Property Prices in Grindavik | 31.33 miles |
| Property Prices in Grundarfjordur | 108.80 miles |
| Property Prices in Kirkjubaejarklaustur | 159.08 miles |
| Property Prices in Hofsos | 210.99 miles |
This page in other languages:
 DeutschImmobilienpreise in Reykjavik
|
 PortuguêsPreços de Imóveis em Reykjavík
|
 ItalianoPrezzi delle proprietà immobiliari a Reykjavik
|
 FrançaisPrix de l'immobilier à Reykjavik
|
 EspañolPrecios de Inmuebles en Reikiavik
|
There is one thing I would like to mention regarding cost of buying homes. That's the rate of interests and methods of lending.
In Iceland, where I live, it is common that people actually pay up to four times the naming price of a property due to high interest rate and long mortgage. 40 years is common