Property Prices in Reykjavik, Iceland

Index Info
Price to Income Ratio: 7.80
Mortgage as Percentage of Income: 62.90%
Loan Affordability Index: 1.59
Price to Rent Ratio - City Centre: 21.11
Price to Rent Ratio - Outside of Centre: 17.93
Gross Rental Yield (City Centre): 4.74%
Gross Rental Yield (Outside of Centre): 5.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 206,590.91 kr 180,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 171,952.38 kr 140,000.00-210,000.00
Apartment (3 bedrooms) in City Centre 296,052.63 kr 250,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre 250,000.00 kr 210,000.00-280,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 80,273.36 kr 64,102.56-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 57,090.00 kr 46,451.13-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 473,807.43 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.21 3.50-6.50

These data are based on 225 entries in the past 18 months from 35 different contributors.
Last update: August 2022

Sources and References
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