Property Prices in Reykjavik, Iceland

Index Info
Price to Income Ratio: 7.20
Mortgage as Percentage of Income: 62.48%
Loan Affordability Index: 1.60
Price to Rent Ratio - City Centre: 19.42
Price to Rent Ratio - Outside of Centre: 16.69
Gross Rental Yield (City Centre): 5.15%
Gross Rental Yield (Outside of Centre): 5.99%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 216,757.73 kr 180,000.00-256,000.00
Apartment (1 bedroom) Outside of Centre 185,351.78 kr 143,000.00-235,000.00
Apartment (3 bedrooms) in City Centre 315,928.57 kr 255,000.00-546,000.00
Apartment (3 bedrooms) Outside of Centre 261,851.85 kr 220,000.00-385,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 78,021.01 kr 65,031.59-111,482.72
Price per Square Feet to Buy Apartment Outside of Centre 56,649.45 kr 47,380.16-74,321.81
Salaries And Financing
Average Monthly Net Salary (After Tax) 503,127.73 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.11 3.50-8.15

These data are based on 320 entries in the past 18 months from 50 different contributors.
Last update: March 2023

Sources and References
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